Income Tax

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.

An Income Tax Return is a document that taxpayers use to declare the specifics of their income, the tax due on that income, exemptions, and deductions for a specific fiscal year. Taxpayers are required to file ITRs for a number of reasons, but the main one is to claim tax deductions.