Income Tax Return (ITR) Filling
Income tax return (ITR) filing is one of the important processes that is regulated by the Indian government for individuals and entities that have income above a certain threshold. Filing of ITR allows taxpayers to declare their income claim applicable deductions and also pay if there is any tax liability applicable to them.
One should understand the importance of this financial formality as it has a significant role in financial management and it includes claiming funds application for loans and also ensures that there is compliance with the task regulation that is regulated by the government of India.