Filing income tax return – Yes, No, Maybe?

FILING income TAX RETURNS - YES, NO, MAYBE?

The doorbell rang. It was Vijay, my friend. We were meeting after a long time to play our favourite game of chess.

“Vijay, I am about to finish filing my income tax return for this year. Give me a few minutes.” I request him.

“Sure. Take your time.”

He engaged himself with laying down the pieces on chess board for the game.

I finished filing the tax return, came back and sat next to him on the sofa.

“Done?”

“Yes.” I said with a feeling of great satisfaction. “Have you filed yours?” I asked inquisitively.

“No, no. I haven’t filed my income tax returns in the last 3 years.” He said as a matter of fact.

I was surprised. “Really! But why?”

“It is simple. The company where I work deducts TDS on the salary I get. There is no more tax that I have to pay. What is the need to file tax return?”

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