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HERE'S HOW TO FILE YOUR INCOME TAX RETURN
Outlook Money
|July 2023
The last date of filing income tax return (ITR) is round the corner. It's important to file your ITR within the due date to avoid penalties and make the most of the tax benefits available to you.
Filing ITR is a crucial financial responsibility that every taxpayer must fulfil. It not only ensures compliance with the law but also provides an opportunity to assess your financial health and claim eligible tax benefits.
Here's a step-by-step guide to help you streamline the process and ensure accuracy in your tax filing if you want to do it yourself. Remember to seek professional help if you have multiple income sources or other complexities that you may not be able to handle on your own.
Which ITR Form Is Meant For You?
Determine the correct ITR form that aligns with your income sources and category. The different ITR forms cater to various taxpayer profiles, such as salaried individuals, self-employed individuals and companies or businesses. Here are some commonly used ITR forms and the taxpayer category they are meant for:
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