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Income Tax

Overview

Return means statement.
Income tax return means Statement of Income Tax.
It is a document in which a person declares all his income earned throughout the year along with investments made.

Documents Required

ITR return forms are attachment less forms and, hence, the taxpayer is not required to attach any document (like proof of investment, TDS certificates, etc.)

Who should fill ITR

Every individual has to file the return of income if his total income before any exemption or deduction exceeds Rs 2,50,000.

General FAQ

It keeps on changing. Read here for latest rates

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