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  2. Income tax eligibility refers to the criteria determine whether an individual is liable to file Income Tax Return. In India, individuals, Hindu Undivided Families (HUFs), and other entities are required to file their Income Tax returns subject to certain conditions.

  3. Aug 14, 2024 · Find out if you have to file a federal income tax return and why it may pay you to file even if you don’t have to.

  4. e-Filing of Income Tax Return or Forms and other value added services & Intimation, Rectification, Refund and other Income Tax Processing Related Queries 1800 103 0025 (or) 1800 419 0025

  5. How to File Tax Returns. For information on How to File Returns, please refer to the following resources: ITR-1 User Manual. ITR-1 Frequently Asked Questions. ITR-4 User Manual. ITR-4 Frequently Asked Questions.

    • What Is Itr?
    • Why Should You File Itr?
    • Who Are Exempted from Filing Income Tax Returns?
    • Which ITR to file?
    • ITR-1 Or Sahaj
    • ITR-2
    • ITR-3
    • ITR 4 Or Sugam
    • ITR-5
    • ITR-6

    Income Tax Return(ITR) is a form in which the taxpayers file information about their income earned and tax applicable, to the income tax department. The department has notified 7 forms i.e. ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7 to date. Every taxpayer should file his ITR on or before the specified due date. The applicability of ITR forms...

    If you want to claim an income tax refund from the department.
    If you have earned from or have invested in foreign assets during the FY.
    If you wish to apply for a visa or a loan
    If the taxpayer is a company or a firm, irrespective of profit or loss.

    Central government have the power to exempt specified class or classes of persons from filing income tax returns in addition to the existing exempt persons like individuals having total income less than the basic tax expedition limit, non-residents not having income accruing or arising from India etc. However, currently, there are no such exemption...

    The following infographic will help you find out which type of income taxreturn is applicable to you for FY 2023-24. Once you figure out which ITR you need, click on the links below to learn more about them.

    This Return Form is for a resident individualwhose total income for the AY 2024-25 includes: 1. Income from Salary/ Pension; or 2. Income from OneHouse Property(excluding cases where loss is brought forward from previous years); or 3. Income from Other Sources (excluding Winning from Lottery and Income from Race Horses) 4. Agricultural income up to...

    ITR-2 is for the use of an individual or a Hindu Undivided Family (HUF) whose total income for the AY 2024-25 includes: 1. Income from Salary/Pension 2. Income from House Property 3. Income from Other Sources (including Winnings from Lottery and Income from Race Horses) 4. If you are an Individual Director in a company 5. If you have had investment...

    The current ITR-3 Form is to be used by an individual or a Hindu Undivided Family who have income from a proprietary business or is carrying on a profession. The persons having income from the following sources are eligible to file ITR-3: 1. Carrying on a business or profession not opting for presumptive income 2. Carrying on a business or professi...

    The current ITR-4 applies to individuals and HUFs, Partnership firms (other than LLPs), which are residents and whose total income includes: 1. Business income according to the presumptive income scheme under section 44AD or 44AE 2. Professional income according to presumptive income scheme under section 44ADA 3. Income from salary or pension up to...

    ITR-5 is for firms, LLPs (Limited Liability Partnership), AOPs (Association of Persons), BOIs (Body of Individuals), Artificial Juridical Person (AJP), Estate of deceased, Estate of insolvent, Business trust and investment fund. Click here to read our comprehensive guide to the ITR-5

    For Companies other than companies claiming exemption under section 11 (Income from property held for charitable or religious purposes), this return has to be filed electronically only. Click here to read our comprehensive guide to the ITR-6

  6. ClearTax is the easiest way to e-File your Income Tax Return in India. ClearTax makes e-Filing incredibly simple with great software and design. Click here to start e-Filing for Free. ClearTax - www.cleartax.in - India's easiest tax return e-filing website. FAQs or Frequently Asked Questions of ClearTax Income Tax Filing Software.

  7. How do I know which ITR I need to file? Different tax returns are prescribed for filing by individual taxpayers depending on their source of income and residential status. To determine the correct ITR to file, you can use the Help me decide which ITR Form to file option.