Now if you want to file income tax with software then you have to purchase income tax software for that reason. Some people look for a free trial version of income tax return filing software and many websites also provide links to the free download income tax software demo. After clicking ...
Income Tax Return filing is mandatory for Taxpayers whose income exceeds the prescribed income limit. ITR Filing process is regulated under the Income Tax Act 1961.
Types of Income Tax returns #1. ITR 1 This ITR filing is for individuals whose income from Salary, Pension, House Property, or Other Sources upto INR 50 Lakhs. #2. ITR 2 This return is for Individuals & HUF whose income is from salary, pension, house property, capital gains, foreign as...
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5. Avoid penalties and late filing fees The Income Tax Department can impose a penalty of up to ₹5,000 for delayed filing or non-filing of an ITR. An additional penal interest on the unpaid tax liability will also be levied if you're filing return after the due date. ...