If your annual income is below the basic exemption limit, you may assume that filing an Income Tax Return (ITR) is optional. Technically, you’re right. But strategically? “Absolutely, yes,” says ...

If a taxpayer has filed ‘nil’ in the GSTR-7 form and has crossed the deadline for filing the Goods and Services Tax Network, no penalty will be levied. This does not apply to those taxpayers who are ...