For the fiscal year 2022-23, it has been announced that filing Income Tax Returns (ITR) will not be mandatory for certain individuals. The exemption from mandatory ITR filing applies to specific categories of taxpayers, as per the guidelines issued by the tax authorities.
Individuals falling under this exemption will not be required to file their income tax returns for the mentioned financial year. However, it is essential to note that this exemption is subject to meeting certain criteria and conditions set forth by the tax authorities.
