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MDC, 1st Floor, Azad market, Pirmuhani Chowk, Kadamkuan, Near Uma Cinema, Patna, Bihar, 800003
MDC, 1st Floor, Azad market, Pirmuhani Chowk, Kadamkuan, Near Uma Cinema, Patna, Bihar, 800003
Income Tax Return (ITR) is a form that individuals and businesses use to file their income tax returns with the Income Tax Department of India. It is a mandatory requirement for all individuals and businesses that earn income above a certain threshold.
Form | Description |
---|---|
ITR-1 (SAHAJ) | For individuals with income from salary, pension, or income from other sources. |
ITR-2 | For individuals with income from salary, pension, or income from other sources, and also have income from capital gains. |
ITR-3 | For individuals with income from business or profession. |
ITR-4 (SUGAM) | For individuals with income from business or profession, and also have income from other sources. |
ITR-5 | For firms, associations of persons, and body of individuals. |
ITR-6 | For companies. |
ITR-7 | For persons required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F). |
ITR can be filed online through the Income Tax Department's website or through a tax consultant.
Here are the steps to file ITR online:
The due date for filing ITR is typically July 31st of every year, for the previous financial year.
However, the due date may be extended by the Income Tax Department, in certain circumstances.