{"id":10344,"date":"2025-06-17T19:00:08","date_gmt":"2025-06-17T13:30:08","guid":{"rendered":"https:\/\/appreciatewealth.com\/blog\/?p=10344"},"modified":"2025-09-26T18:41:31","modified_gmt":"2025-09-26T13:11:31","slug":"what-is-itr-and-who-should-file-it","status":"publish","type":"post","link":"https:\/\/appreciatewealth.com\/blog\/what-is-itr-and-who-should-file-it","title":{"rendered":"What is ITR, and Who All Must File It?"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Quick Summary:<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The ITR (Income Tax Return) must be filed by all individuals and entities to inform the government of their income, taxes paid, and deductions claimed.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Anyone with income above the taxable limits should file an ITR, including salaried employees, self-employed individuals, and businesses.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>There are different types of ITR forms, depending on the nature of income and type of entity (for example, ITR-1 for salaried employees, ITR-4 for smaller businesses).<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Filing an ITR is important because it can prevent penalties, enable losses to be carried forward, and allow for the claim of tax refunds.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Filing an ITR can ensure compliance with tax regulations and ensure transparency to tax authorities.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The intent is to provide clarity and understanding to taxpayers on who is obligated to file, the importance of timely filing and its effect on financial planning.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>An Income Tax Return (ITR) is a form where you report your income, tax deductions, and taxes paid for a financial year to the government. Filing ITR is a legal requirement if your income exceeds the basic exemption limit, but it also serves as a financial record for future needs like loans, visas, and tax refunds.<\/p>\n\n\n\n<p>In this blog, we&#8217;ll explain ITR and the minimum income threshold and answer, \u201cDo I need to file ITR?\u201d We&#8217;ll also cover who must file returns, including salaried individuals, business owners, NRIs, and those with capital gains or foreign assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>ITR Meaning and Importance<\/strong><\/h2>\n\n\n\n<p>ITR, or Income Tax Return, is a form to declare your total income, tax deductions, and tax payments to the government for a financial year. It includes details like salary income, rental income, capital gains, business profits, and other sources of income. Filing an ITR helps the Income Tax Department assess your tax liability and determine whether you owe more tax or are eligible for a refund.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why is ITR Filing Important?<\/h3>\n\n\n\n<p>Filing ITR is not just a legal formality \u2014 it\u2019s a financial record that proves your income and tax compliance. If you&#8217;re applying for a loan, visa, or planning large financial transactions, your ITR documents often serve as proof of income. Additionally, filing your ITR on time helps you claim refunds, carry forward losses, and avoid penalties.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Legal Obligation vs. Financial Benefits<\/h3>\n\n\n\n<p>As per the Income Tax Act, you must file an ITR if your taxable income exceeds the basic exemption limit (currently \u20b93 lakh for all individuals, under the new tax regime). Even if your income is below this, you may want to file voluntarily to document income, claim refunds, or build a financial profile.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Understanding the Different Types of ITR Forms<\/strong><\/h2>\n\n\n\n<p>There are different ITR forms for different income types and taxpayer categories. Here&#8217;s a brief snapshot:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ITR-1 (Sahaj):<\/strong> For salaried individuals with income up to \u20b950 lakh from salary, one house property, and other sources (no capital gains).<\/li>\n\n\n\n<li><strong>ITR-2: <\/strong>For individuals and HUFs with income from capital gains, more than one house property, or foreign assets.<\/li>\n\n\n\n<li><strong>ITR-3:<\/strong> For those with income from business or profession (proprietorship or partnership).<\/li>\n\n\n\n<li><strong>ITR-4 (Sugam):<\/strong> For freelancers or small businesses under presumptive taxation with income up to \u20b950 lakh.<\/li>\n\n\n\n<li><strong>ITR-5:<\/strong> For LLPs, AOPs, BOIs, and partnership firms.<\/li>\n\n\n\n<li><strong>ITR-6: <\/strong>For companies (excluding those claiming exemption under section 11).<\/li>\n\n\n\n<li><strong>ITR-7: <\/strong>For charitable institutions, political parties, and specified organisations under section 139.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Choosing the Right ITR Form<\/h3>\n\n\n\n<p>Choosing the correct ITR form depends on your income type, source, and total income. For instance, if you\u2019re salaried with no capital gains, ITR-1 may suffice. But if you\u2019ve earned from stocks or own multiple properties, you\u2019ll need ITR-2 or ITR-3.<\/p>\n\n\n\n<p>Filing the wrong form can lead to rejection or penalties, so matching your profile with the correct form is important.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ITR Minimum Income Criteria<\/h3>\n\n\n\n<p>The ITR minimum income required for mandatory filing depends on your age and tax regime. Under the old regime, you must file an Income Tax Return if your gross total income (before deductions) exceeds \u20b92.5 lakh in a financial year and you&#8217;re below 60.<\/p>\n\n\n\n<p>The limit for senior citizens (60\u201379 years) is \u20b93 lakh, and for super senior citizens (80+), it is \u20b95 lakh. Under the new tax regime, the threshold is \u20b93 lakh for all individuals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Applicability for Salaried Individuals<\/h3>\n\n\n\n<p>If you&#8217;re a salaried employee whose income exceeds the abovementioned exemption limit, filing ITR is mandatory. Even if your tax is deducted at source (TDS), you must still file your return. Many salaried individuals also file returns to claim refunds or as a financial record for visa or loan applications.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Business and Professional Income Cases<\/h3>\n\n\n\n<p>Regardless of income level, all businesses and self-employed professionals must file ITRs. This applies even if the business made no profit or operated at a loss. So if you\u2019re wondering, \u201cDo I need to file ITR if my business makes no profit?\u201d \u2014 yes, you still need to file it for compliance.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td colspan=\"2\">Read more about Trading and Investment<\/td><\/tr><tr><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-mutual-fund-overlap\" target=\"_blank\" rel=\"noreferrer noopener\">What Is Mutual Fund Overlap<\/a><\/td><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-morning-star-candlestick-pattern\" target=\"_blank\" rel=\"noreferrer noopener\">What Is the Morning Star Candlestick Pattern<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-tds\" target=\"_blank\" rel=\"noreferrer noopener\">What is Tax Deducted at Source<\/a><\/td><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-the-hanging-man-candlestick-pattern\" target=\"_blank\" rel=\"noreferrer noopener\">What Is the Hanging Man Candlestick Pattern<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-an-option-chain\" target=\"_blank\" rel=\"noreferrer noopener\">What is Option Chain &amp; How Does it Work<\/a><\/td><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-double-bottom-pattern\" target=\"_blank\" rel=\"noreferrer noopener\">What Is the Double Bottom Pattern<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/appreciatewealth.com\/blog\/why-gold-price-is-increasing-in-india\" target=\"_blank\" rel=\"noreferrer noopener\">Why Gold Price Increasing<\/a><\/td><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-symmetrical-triangle-pattern\" target=\"_blank\" rel=\"noreferrer noopener\">What Is Symmetrical Triangle Pattern<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-xirr-in-mutual-fund-2\" target=\"_blank\" rel=\"noreferrer noopener\">What is XIRR in Mutual Fund<\/a><\/td><td><a href=\"https:\/\/appreciatewealth.com\/blog\/current-ratio-vs-quick-ratio\" target=\"_blank\" rel=\"noreferrer noopener\">Current Ratio vs Quick Ratio<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Who Needs to File ITR?<\/strong><\/h2>\n\n\n\n<p>It\u2019s important to identify who must file Income Tax Returns to comply with Indian tax laws. Indian residents and NRIs with income generated in India must file an ITR if their total income exceeds the basic exemption limit.<\/p>\n\n\n\n<p>You are also required to file an ITR in India if you fall into any of the following categories:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Indian Residents vs. NRIs<\/h3>\n\n\n\n<p>Indian residents must file ITR if their income exceeds the prescribed exemption limit. NRIs (Non-Resident Indians) must also file if they have income sourced in India, such as rent, dividends, or capital gains. If you&#8217;re an Indian citizen holding signing authority in a foreign bank account, you must also file ITR.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Individuals with Foreign Income or Assets<\/h3>\n\n\n\n<p>If you are a resident with assets abroad or foreign income, you must legally file ITR, even if your income is below the exemption limit. This includes foreign bank accounts, equity ownership, or signing authority in overseas accounts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Taxpayers with Capital Gains<\/h3>\n\n\n\n<p>If you\u2019ve earned capital gains from mutual funds, real estate, or equity shares, and the total exceeds \u20b92.5 lakh, you must file ITR, regardless of your regular salary or business income.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Those Claiming Tax Refunds<\/h3>\n\n\n\n<p>If tax has been deducted from your income (via TDS) and your actual liability is lower, you must file an IT return to claim a refund. Without filing, the government won\u2019t process your refund.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Those Carrying Forward Losses<\/h3>\n\n\n\n<p>If you\u2019ve incurred a capital or business loss and want to carry it forward to future years to adjust against future income, filing your ITR within the due date is mandatory.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Consequences of Not Filing ITR<\/strong><\/h2>\n\n\n\n<p>Filing your Income Tax Return on time is more than just a legal requirement; it helps maintain a clean financial record, enables refunds, and supports future financial plans. Whether you&#8217;re obligated to file or choosing to do so voluntarily, understanding the impact of your decision is crucial.<\/p>\n\n\n\n<p>Here&#8217;s a breakdown of what happens if you skip filing and the advantages of doing it even when it&#8217;s not mandatory.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Penalties and Late Fees<\/h3>\n\n\n\n<p>If you miss the ITR filing deadline, you may be charged a late fee of up to \u20b95,000 under Section 234F. For lower-income individuals (below \u20b95 lakh), the penalty is capped at \u20b91,000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Interest on Tax Dues<\/h3>\n\n\n\n<p>Unpaid taxes attract interest under Sections 234A, 234B, and 234C. This interest compounds monthly and increases your tax liability significantly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Loss of Financial Opportunities<\/h3>\n\n\n\n<p>Without ITR records, you may face hurdles when applying for home loans, education loans, or visas. It also weakens your financial credibility in the eyes of banks and institutions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Benefits of Filing ITR Voluntarily<\/strong><\/h2>\n\n\n\n<p>Some key benefits of properly filing ITR are:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Loan Approvals and Visa Applications<\/h3>\n\n\n\n<p>ITRs are often required by banks and embassies as proof of income. Filing returns consistently strengthens your financial profile for faster approvals.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Income Proof and Compliance Record<\/h3>\n\n\n\n<p>ITRs serve as official income documentation and are useful in property transactions, financial planning, and building a reliable compliance history.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Claiming Refunds and Deductions<\/h3>\n\n\n\n<p>If tax has been deducted at source (TDS) or you qualify for deductions under various sections, filing your ITR allows you to claim refunds that you otherwise lose out on.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How to File ITR in India<\/strong><\/h2>\n\n\n\n<p>Filing your Income Tax Return (ITR) is a key financial responsibility, whether earning a salary, running a business, or investing in income-generating assets. The process has become much simpler with the launch of the income tax e-filing portal.<\/p>\n\n\n\n<p>Here\u2019s how to file ITR online in India, including the steps, required documents, and key timelines you must remember.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Online Filing Process (E-Filing)<\/h3>\n\n\n\n<p>Follow these steps to file your ITR online through the income tax portal:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Login: <\/strong>Go to<a href=\"https:\/\/www.incometax.gov.in\/\"> incometax.gov.in<\/a> and log in using your PAN, password, and captcha.<\/li>\n\n\n\n<li><strong>Start Filing: <\/strong>Click on e-File &gt; Income Tax Returns &gt; File Income Tax Return.<\/li>\n\n\n\n<li><strong>Select Assessment Year:<\/strong> Choose AY 2025\u201326 if you&#8217;re filing for FY 2024\u201325. Select the correct filing type \u2014 original or revised return.<\/li>\n\n\n\n<li><strong>Filing Status: <\/strong>Choose your filing status \u2014 Individual, HUF, or Other.<\/li>\n\n\n\n<li><strong>Select ITR Form: <\/strong>Based on your income type and category, select the appropriate form (e.g., ITR-1 for salaried individuals with income up to \u20b950 lakh).<\/li>\n\n\n\n<li><strong>Reason for Filing: <\/strong>Choose the applicable reason, such as taxable income exceeding the basic exemption limit or other mandatory criteria.<\/li>\n\n\n\n<li><strong>Fill and Confirm: <\/strong>Validate pre-filled details (PAN, Aadhaar, bank account, income, deductions). Confirm your entries and pay any balance tax due.<\/li>\n\n\n\n<li><strong>E-Verify:<\/strong> E-verification must be completed within 30 days via Aadhaar OTP, net banking, EVC, or by sending a signed ITR-V to CPC Bengaluru.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Documents Required<\/h3>\n\n\n\n<p>Keep these documents ready before you begin:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PAN and Aadhaar card<\/li>\n\n\n\n<li>Form 16 (for salaried individuals)<\/li>\n\n\n\n<li>Bank account details (pre-validated)<\/li>\n\n\n\n<li>Interest certificates (from savings accounts, FDs)<\/li>\n\n\n\n<li>Capital gains statements (for mutual funds, stocks)<\/li>\n\n\n\n<li>Investment proofs for deductions (under Section 80C, 80D, etc.)<\/li>\n\n\n\n<li>Form 26AS and AIS (Annual Information Statement)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Timeline and Due Dates<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Standard Deadline: <\/strong>31st July of the assessment year (e.g., 31st July 2025 for FY 2024\u201325)<\/li>\n\n\n\n<li><strong>For Audit Cases: <\/strong>31st October of the assessment year<\/li>\n\n\n\n<li>Revised Return: Can be filed by 31st December of the same assessment year<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td colspan=\"2\">Essential Concepts of the Stock Market<\/td><\/tr><tr><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-algo-trading\" target=\"_blank\" rel=\"noreferrer noopener\">How Does Algorithmic Trading Work<\/a><\/td><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-are-preference-shares\" target=\"_blank\" rel=\"noreferrer noopener\">What are Preference Shares<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-are-debentures\" target=\"_blank\" rel=\"noreferrer noopener\">What are Debentures<\/a><\/td><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-the-inverted-cup-and-handle-pattern\" target=\"_blank\" rel=\"noreferrer noopener\">What Is the Inverted Cup And Handle Pattern<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-a-financial-statement\" target=\"_blank\" rel=\"noreferrer noopener\">What is a Financial Statement<\/a><\/td><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-a-pennant-chart-pattern\" target=\"_blank\" rel=\"noreferrer noopener\">What Is a Pennant Chart Pattern<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-the-face-value-of-shares\" target=\"_blank\" rel=\"noreferrer noopener\">What Is the Face Value Of Shares<\/a><\/td><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-market-share\" target=\"_blank\" rel=\"noreferrer noopener\">What is Market Share<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/appreciatewealth.com\/blog\/what-is-short-selling\" target=\"_blank\" rel=\"noreferrer noopener\">What is Short Selling<\/a><\/td><td><a href=\"https:\/\/appreciatewealth.com\/blog\/call-option-vs-put-option\" target=\"_blank\" rel=\"noreferrer noopener\">Call and Put Options<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Common Mistakes to Avoid While Filing ITR<\/strong><\/h2>\n\n\n\n<p>Filing your Income Tax Return (ITR) is a straightforward process, but even small errors can lead to notices from the Income Tax Department, delayed refunds, or penalties. Here are some common mistakes to watch out for while filing your ITR:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Incorrect Form Selection<\/h3>\n\n\n\n<p>Choosing the wrong ITR form is one of the most common mistakes. Each form is designed for specific income types and taxpayer categories. For example, salaried individuals with income below \u20b950 lakh should generally use ITR-1, while those with capital gains or multiple properties may need to file ITR-2 or ITR-3. Filing with the wrong form can lead to rejection of your return.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Mismatched Income Data<\/h3>\n\n\n\n<p>If the income declared in your ITR doesn&#8217;t match the data available in Form 26AS or AIS (Annual Information Statement), it may trigger scrutiny. Many taxpayers miss including interest from savings accounts, fixed deposits, or dividend income, which are all reported to the tax department by banks and financial institutions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Missing Deductions<\/h3>\n\n\n\n<p>Another common oversight is forgetting to claim eligible deductions under sections like 80C, 80D, or 80G. These deductions can significantly reduce your taxable income. Keep proof of investments and donations handy while filing, and double-check if you&#8217;re eligible for any deductions you might have missed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>Filing your Income Tax Return (ITR) is not just a legal duty \u2014 it\u2019s a financial necessity that helps you stay compliant, claim refunds, and build a reliable income record. Whether you&#8217;re a salaried professional, business owner, or investor, ITR filing is vital to your overall financial planning.<\/p>\n\n\n\n<p>Knowing your eligibility and filing the right form on time can help avoid penalties, interest, and missed opportunities. If you&#8217;re investing globally through platforms like Appreciate, accurate ITR filing also ensures that your capital gains and income are reported correctly, keeping your wealth growth aligned with compliance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>FAQs<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">What is ITR in simple terms?<\/h3>\n\n\n\n<p>ITR (Income Tax Return) is a form where you declare your total income, tax deductions, and taxes paid for a financial year to the government.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Do I need to file an ITR if my income exceeds the taxable limit?<\/h3>\n\n\n\n<p>Filing ITR is not mandatory if your income is below the basic exemption limit. However, you may file it voluntarily to claim refunds or keep a financial record.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What is the minimum income required to file ITR?<\/h3>\n\n\n\n<p>Under the new tax regime, the minimum income for ITR filing is \u20b93 lakh for all ages. However, under the old regime, the income threshold depended on your age:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Below 60 years: \u20b92.5 lakh<\/li>\n\n\n\n<li>Age 60\u201379 (senior citizens): \u20b93 lakh<\/li>\n\n\n\n<li>Age 80+ (super senior citizens): \u20b95 lakh<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Who is exempt from filing ITR?<\/h3>\n\n\n\n<p>Individuals whose gross income is below the exemption limit and who do not meet any other mandatory filing conditions (like foreign assets, capital gains, or refund claims) are exempt.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What happens if I don\u2019t file my ITR on time?<\/h3>\n\n\n\n<p>You may face a late filing fee of up to \u20b95,000, interest on tax dues, and the possibility of missing out on tax refunds or the chance to carry forward losses.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Disclaimer<\/strong><strong>: <\/strong>Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. The securities quoted are exemplary and are not recommended.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick Summary: An Income Tax Return (ITR) is a form where you report your income, tax deductions, and taxes paid for a financial year to the government. Filing ITR is a legal requirement if your income exceeds the basic exemption limit, but it also serves as a financial record for future needs like loans, visas, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/appreciatewealth.com\/blog\/what-is-itr-and-who-should-file-it\"> <span class=\"screen-reader-text\">What is ITR, and Who All Must File It?<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":8,"featured_media":10361,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","footnotes":""},"categories":[6],"tags":[],"class_list":["post-10344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-101"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is ITR &amp; Who Needs to File It? 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