1. What is the ITR?
Income Tax Return (ITR) is a form in which taxpayers file information about his or her income and taxable income from the income tax department. The department has introduced 7 different forms namely ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 to date. Every taxpayer must complete his / her ITR before or before the due date. The effectiveness of the ITR forms varies depending on the taxpayer's income sources, the amount of revenue earned and the category of taxpayer such as individuals, HUF, company, etc.
Frequently Asked Questions
Why should you enter the ITR?
It is mandatory to file income tax return (ITR) in India if any of the conditions listed below apply to you:
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