Income Tax

Income Tax Filing

Filing income tax returns (ITR) is a crucial duty of every taxpayer in India, ensuring adherence to the nation's tax regulations. It involves detailing all sources of income, deductions, and tax liabilities for a comprehensive report to the Income Tax Department. The last date to file your Income Tax Return for the Financial Year 2023-24 (Assessment Year 2024-25) without incurring a late fee is July 31, 2024.

Advantages of Income Tax e Filing

Key Features

Legal Documentation

Your income tax filing or ITR serves as an official record of your income and taxes paid, acting as crucial proof for: Identity Verification: It is accepted as valid identity proof by various government and financial entities.

Claim Tax Benefits

Income tax e filing allows you to claim tax deductions and exemptions under various sections of the Income Tax Act, effectively reducing your tax liability.Loan Applications: Banks and financial institutions

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