Income Tax

Income Tax

Income tax return is a tax form submitted to the Income Tax Department by an assesse. It contains detailed income an assesse that he had earned throughout the year (starting from 1st April ending 31st March) and also the tax liability that is born by the taxpayer.

Income tax return must be filled in India by any Assesse whose gross total income (before deductions) exceeds 250000 annually. This income may be gained through mainly five heads of income.

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