In some cases, taxpayers are not required to file an ITR. There are a number of variables that affect whether or not an ITR must be filed. These variables include the following: Individuals whose income exceeds the exemption limit of 2.5 lakhs/ 3 lakhs/ 5 lakhs as per applicable taxable limits. The ITR must be filed by individuals who own assets outside of India and receive income from them. Tax returns are required for individuals who pay more than Rs. 1 lakh in electricity bills each year. It is mandatory for assesses who deposit more than one crore in a […]