An Income Tax Return or ITR is a statement of your income and tax liability for a particular year that you file with the government. This statement provides information about the assessee’s total income, expenses, assets and tax payable thereon.

Feb 21, 2025 · The Income Tax Return or ITR is a form in which the taxpayers submit information about their income and tax payments to the income tax department. A taxpayer should file an ITR on or before the due date specified.

Mar 5, 2025 · ITR stands for Income Tax Return. The central board of direct taxes (CBDT) releases all the ITR forms and specifies the procedures to be followed. This article provides an in-depth understanding of the definition of ITR and the types of ITR forms. What is ITR?

May 10, 2023 · There are seven different types of ITR, i.e., ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7 applicable for different types of taxpayers depending upon their category, and income type. Let us discuss these seven types of Income …

Oct 20, 2021 · ITR is a tax return form used by taxpayers to report their income and assets to the Indian Income Tax Department (Indian Revenue Authorities).

Feb 1, 2024 · What is the Annual Income Tax Return or ITR for? The Income Tax Return or ITR that most people refer to is actually the annual tax form that individuals file every April 15th of the following year. This form summarizes all of the income (or …

What is ITR - ITR is a consolidated statement of your income, expenses & tax payable for the financial year. Find the 7 types of ITR forms & the due date for filing ITR @ ICICI Prulife.

Jan 4, 2023 · Income Tax Return (ITR) is a form that an individual submits to the Income Tax Department of India to file information about his income and taxes payable during that year. Information filed in an ITR should be applicable for a particular financial year between 1st April to 31st March of the next year.

Feb 22, 2024 · An Income Tax Return (ITR) is a form used by the taxpayers to file the information related to income, deductions, and taxes paid with the Revenue Department or Tax Authorities. The type of ITR depends on the nature of income and the type of assessee.

An Income Tax Return (ITR) is a form primarily used for filing details about your income and the applicable tax to the Income Tax Department of India. The Indian income tax laws state that the IT return should be filed by every individual and business earning an income.