Income Tax Returns
An income tax return is a form
where taxpayers have to declare their taxable incomes from all sources,
eligible deductions, and tax payments if any. This is called ITR Filing
Procedure.
If you have paid more taxes than
“payable”, you are entitled to Income tax refund. If the reverse is the case,
you should pay remaining amount before filing your Income tax return. Cases,
where more taxes have been paid beforehand, are TDS or Advance Tax paid by you.
In such a scenario, you should show correct incomes and taxes in your Tax
Returns.
Income tax return forms range
from ITR 1 to ITR 7, used for different types of income and different types of
entities. Depending on the type of forms, there are various disclosure
requirements.
Filing ITR in India is completely
online and paperless. There is no need for you to submit physical return at the
local income tax offices. All documents, wherever necessary need to be
submitted online. Income tax return is to be filed for a particular Financial
Year (i.e. April to March) irrespective of Accounting Year adopted by you.
EbizFiling.com is an eminent
business platform and a progressive concept, which helps end-to-end
incorporation, compliance, advisory, and management consultancy services to
clients in India and abroad. Filing Income Tax Returns is easy, seamless,
cheapest and quickest with EbizFiling.com! Apart from Income Tax returns,
Ebizfiling.com also helps you to file GST Returns, TDS Returns, PF Returns and
ESI Returns easily. You may get in touch with our compliance manager on 09643203209
or email info@ebizfiling.com for free consultation.
Website - https://www.ebizfiling.com/
Comments
Post a Comment