Income Tax Return (ITR) is a form primarily used to submit details of your income and applicable tax to the Income Tax Department of India. Indian Income Tax laws stipulate that IT return should be filed by every individual and business having income. It helps in declaring taxable income, tax liability and tax deduction claims, if any. Filing ITR helps the government to accurately track and assess the tax liability of individuals and companies.
The procedure to follow for filing ITR is-
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