ITR Return Filling

What is income tax return ?

Income Tax Return (ITR) is a document that individuals file with the Indian Income Tax Department to provide details about their income and the taxes due for a specific fiscal year, which runs from April 1 to March 31 of the following year. The information provided in the ITR must be relevant to the mentioned fiscal year.

What are the different types of income tax returns?

The Income Tax department provides Seven different forms—ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7—are available. Before the deadline, the taxpayer must complete the form in accordance with its application, which varies based on their income and taxpayer type.

When is the last date to file ITR?

ITR filing last date for Financial Year 2022-23 (AY 2023-24) was July 31, 2023. However, if you missed filing within the due date, you can still file a belated return before December 31, 2023.

When is the income tax return filed?

In most circumstances, individuals and non-audit cases have until July 31 to file their income tax returns; audit cases have until October 31 of the relevant assessment year. You can seamlessly e-file your income tax return with myprojectreport.com in under 3 minutes.

what is the tax slabs in India

Income Tax Slabs & Rates for Senior Citizens in AY 2024-25 (FY 2023-24)