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According to the Income Tax Department, the following entities are required to file yearly IT returns
Salaried individuals with gross income exceeding the exemption level before deductions under sections 80C to 80U.
Regardless of profit or loss, every firm, whether private limited, LLP, or partnership, is required to file IT returns.
Individuals who are Directors in a Private Limited Company or a Partner in a Limited Liability Partnership firm.
Individuals who earn dividends from mutual funds, bonds, equities, fixed deposits, interest, and other sources.
Individuals that receive income through charity or religious trusts, as well as income from voluntary contributions.
NRIs and tech professionals on onsite deputation, as well as anyone with foreign income or assets.
Individuals and businesses seeking tax refunds.
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