Everything you Need to Know About Filing Income Tax Returns and Your Annual Information Statement

Tax Returns

951 ViewsIncome tax returns need to be filed on or before the specified due date for the year. The returns should include information about your income earned during the concerned year and the tax applicable. You can use an income tax calculator to find out your taxable income. The Income Tax department has notified seven types of ITR whose applicability depends on the sources of income of the taxpayer, the amount of income earned, and the category of the taxpayer. Who Needs to File ITR? Filing income tax returns is a…

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