Income Tax Return: Income Tax Return (ITR) is a form that a person has to submit to the Income Tax Department of India. It contains information about the person’s income and the taxes to be paid on it during the year. The information entered in ITR should pertain to a particular financial year.
Income Tax Update: Those whose income is taxable, they have to file income tax return. At the same time, earning is necessary for filing income tax. People can have many means of earning. In such a situation, whenever you file income tax return, you must give information about all your means of earning. This will also make it easier to calculate tax on income. Also, any fine can also be avoided.
Income Tax Return
Income Tax Return (ITR) is a form that a person has to submit to the Income Tax Department of India. It contains information about the person’s income and the taxes to be paid on it during the year. The information entered in ITR should pertain to a particular financial year. That is, starting from 1st April, it should end on 31st March next year.
Income Tax
Nowadays income tax return can also be filed online. Filing online ITR is very easy. At the same time, many income sources should be included to calculate income tax, so that all the information about income can be given in ITR. While filing ITR, it is necessary to give their information.
- – Income from salary (salaries paid through your employer)
- – Income from house property (include any rental income, or interest paid on home loan)
- – Income from capital gains (purchase of shares or sale of house Income)
- – Income from business/profession (Income from freelancing or business or profession)
- – Income from other sources (Savings account interest income, FD interest income, Bond interest income)
