October 5, 2026
Business

ITR 2026: Who must file tax return even if their income is below ₹4 lakh?(Soban News)

Many taxpayers mistakenly believe they only need to file an income tax return (ITR) if their income exceeds ₹4 lakh. However, various situations, such as high-value transactions and foreign assets, require mandatory ITR filing regardless of income level. 

​Many taxpayers mistakenly believe they only need to file an income tax return (ITR) if their income exceeds ₹4 lakh. However, various situations, such as high-value transactions and foreign assets, require mandatory ITR filing regardless of income level.  by Soban News (international And National News)

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