Confirm if your business meets the criteria for mandatory ITR filing as per the Income Tax Act of 1961 Choose the correct ITR form that suits your business structure and activities Gather necessary documents, including PAN card, registration certificate, income/expense reports, and TDS certificates ...
If the said individual falls under any one of the following criteria, he/she will be a resident of the country. These are: If the individual has resided in India during the relevant financial year that amounts to a total of 182 days or more. If the individual has resided in India ...
Eligibility for Income Tax Filing In India, the obligation to do ITR e filing arises under certain conditions. One of the primary criteria for Income tax e filing is when your gross total income exceeds the basic exemption limits, which are age-dependent: ...
Assessment Year: Income Tax return, ITR, is bound to an assessment year. For income earned in FY 2015-6 assessment year is AY 2016-17. Income Tax return forms(physical and excel) of AY 2016-17 and AY 2015-16 are different,. A revised return for the correct assessment year needs to b...