Category: Tax

35 Views  No, not everyone who holds a PAN card needs to file income tax returns compulsorily. As per Indian income tax laws, filing your returns is mandatory only for certain individuals based on specific conditions. If your annual income exceeds the basic exemption limit as per your age and category, filing returns becomes mandatory. […]

692 ViewsIf you discover that you have underreported your income on your tax return, you can file an amended return. An amended return is a new tax return that corrects information from a previous tax return. When you file an amended return, you must include any additional forms and schedules that were required for the […]