I am UTTAM KUMAR SADHUKHAN, founder of UTTAM NIBESH Investment services. Over the last 18 years, we have helped numerous individuals ranging from businessmen to students, salaried and retired people in planning for a happy retirement, planning for child's education/ marriage as well as financial protection against any unforeseen events etc.
The filing of income tax return (ITR) is compulsory for those individuals whose annual income is above the basic exemption limit. According to the Old Tax Regime, the basic exemption limit is still Rs 2.5 lakh for general taxpayers under 60 years of age.
NRIs can claim a GST refund on insurance premiums, which makes purchasing Indian policies more affordable