An Income Tax Return (ITR) is a form issued by the government where individuals declare their income, expenses, deductions, exemptions, taxes paid, etc. Individuals whose income is less than ₹ 2,50,000 are not required to file Income Tax Return. It is mandatory to file an income tax return to be eligible for deductions under sections 80C, 80D, etc., for individuals whose income is more than ₹ 2,50,000. All of the deductions will help you reduce your taxable income.
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Uncover the Essentials of Filing Income Tax Returns

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