Income Tax

Filing ITR Below Basic Exemption Limit – Complete Guide for Indian Taxpayers Many taxpayers in India believe that if their income is below the basic exemption limit, they are not required to file an Income Tax Return (ITR). While this is true in most ordinary cases, the Income Tax Act contains several important exceptions where […]

Residence of Assessee Table of Contents Residential Status of Assessee In order to calculate the tax liability of the assessee, first need to find the residential status of the assessee. Residence and Citizen are two separate things. In order to compute income tax liability, every taxman first needs compute the residential status of assessee. For