Surge in Zero-Tax Income Tax Returns: A Closer Look at India's Tax Landscape

Rashmi , Last updated: 25 July 2023  
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Introduction India witnessed a record number of Income Tax Return (ITR) filings in FY23, reaching an impressive 74 million. Surprisingly, a significant portion of these filings, 70% to be precise, were zero-tax ITRs, indicating that taxpayers claimed nil tax liability. The finance ministry releas

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Rashmi
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Category Income Tax   Report

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