Income Tax Return
Income Tax Return in India
Income Tax Return is the form in which Individual or a business entity like (Company, firm etc. ) need to prepare and file his Income and tax thereon to Income Tax Department.
There are 7 type of forms ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7.
The Income Tax Act, 1961, requires every entity with business in India to file returns with the Income Tax Department at the end of every financial year.
These returns should be filed before the specified due date.