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Nil ITR: Should you file a return if income is below taxable limit? Absolutely, say experts

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 ...
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Big relief to businessmen, no late fine will be levied for filing GSTR-7 late.

Big relief news has come for businessmen. There is no late fee on late filing of GSTR-7. GSTR-7 is a return that you need to file on time. However, GSTN has issued a new advice. He has said that it is ...