INCOME TAX RETURNS AND COMPLIANCES

ABOUT INCOME TAX RETURNS AND COMPLIANCES

An income tax return is a form  used to file income tax returns with the income tax office. Income tax is a tax levied by the central government on a person's income.Income tax filing is the responsibility of  every citizen. The IT department checks these tax returns and if an amount has been overpaid, the department refunds the amount to the appraiser's bank account. All entities must report taxes on time to avoid penalties.The form containing the assessee's income and tax paid information is called the Income Tax Return.  Income Tax Department of India has various forms like ITR 1, ITR 2, ITR 3, ITR 4S, ITR 5, ITR 6 and ITR 7. Indian Salahkar provides best service and helps you  to fill it correctly. form. time.

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Frequently Asked Questions

  • Why do we file income tax returns?

    The government mandates that individuals who earn a specified amount of annual income must file a tax return within a pre-determined due date. The tax as calculated must be paid by the individual. Failure to pay tax will invite penalties from the Income Tax Department.

  • Does anyone can file income tax returns?

  • What is the basic exemption limit for assesses?

  • Is it mandatory to file income tax return every year?

  • What is e-filling of Income Tax Return?

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