This is why you need to file Tax Returns even if your income is below the taxable limit!

Did you know that along with getting your extra tax back, you can also save future taxes by filing ITR!
When you make capital losses from equity markets in a given financial year, you can carry forward the losses (from both short-term and long-term capital gains) for upto 8 years. So if I lost 2 lacs in the last Financial year, and gained 2 lacs in current financial year, I won’t have to pay any (capital gains) taxes for the current year.
So make sure to file your Income Tax Returns on time to carry forward any losses, regardless if your income is above or below the taxable limit.

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Видео This is why you need to file Tax Returns even if your income is below the taxable limit! канала Rohit Kashyap