Income Tax Returns Eligibility

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Income Tax

Income tax returns are forms in which taxpayers file information regarding their earned income and the respective tax applicable to the Income Tax Department. There are different types of income tax return forms depending on the taxpayer’s category and income type. It is a form that an individual every year submits to the Income Tax Department specifying […]

Major changes in ITR for FY 2022-23

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Income Tax

Some significant changes have been incorporated in the ITR forms in line with the amendment in Finance Act, 2022, which taxpayers should keep in mind while filing their returns.  Major changes in ITR-1 The assesses will have to provide information about income from overseas retirement funds while calculating their net salary. Major changes in ITR-2 […]

Types of Income Tax Return Forms in India

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Income Tax

Income tax returns are forms in which taxpayers file information regarding their earned income and the respective tax applicable to the Income Tax Department. There are different types of income tax return forms depending on the taxpayer’s category and income type. ITR-1 Form This form is also known as the Sahaj form. Individual taxpayers should go for […]