Income Tax
Income Tax For Salaried Person
Based on income and its source, the income tax department has divided taxpayers into various groups in order to make tax compliance easier. As a result, you must file your returns later. Sahaj Form, popularly known as ITR-1, is for individuals with annual incomes up to Rs. 50 lakhs.
Income Tax Filing For Business Person
The Income Tax Return (ITR) is a tool used by taxpayers to submit information about their earned income and taxes to the IRS.
A individual or a Hindu Undivided Family who receives revenue from a proprietary business or practises their profession must use the Current ITR3 Form.
Income Tax Filing For Companies
Every year, on or before September 30th, income tax returns must be filed by all firms registered in India. The filing of corporate tax returns falls into one of two categories under the Income Tax Act: domestic companies or overseas companies.
Companies like Private Limited Companies, One Person Corporations, and Limited Companies are regarded as domestic corporations in India and must follow the procedures for filing PVT Limited Company income tax returns.