All persons, firms, and every kind of organisation are liable to submit their income tax returns for the income of the income year, expenditure of the income year, liabilities, and deductions to the government. It is a formal declaration by taxpayers that should encourage them to fulfill their duty to the nation. The segment earning more than a certain threshold must file income tax r... https://www.kanakkupillai.com/learn/penalty-for-filing-wrong-income-tax-return-in-india/