Income Tax Return

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Income Tax Return Process

What is in the income tax?

The individual income tax (or personal income tax) is a tax levied on the wages, salaries, dividends, interest, and other income a person earns throughout the year. The tax is generally imposed by the state in which the income is earned.

What does income tax return mean?

Income Tax Return (ITR) is a form which a person is supposed 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.

what are the required documents for income tax return.

required documents for filing ITR

1. PAN Card

2. Form 16

3. Form-16A/ Form-16B/ Form- 16C

4 Bank Account details

5 Form 26AS

6 Home Loan Statement

7 Tax Saving Instruments

8 Capital Gains Details

9 Rental Income

10 Foreign Income

11 Dividend Income

What is the fee of ITR in case of salaried person?

fee of itr filing 999 rupees in case of individual.

What is the fee of ITR in case of business person?

fee of itr filing 999 rupees in case of individual.

What is the fee of preparation of balance sheet & profit & loss account?

fee of preparation of Balance Sheet & Profit & loss is 500 rupees in case of proprietorship firm.

What is the last date to file ITR?

Last date to file ITR is 31st July 2024, after that penalt of Rs.1,000 or Rs.5,000 whichever is applicable will be payable.

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