What is tax filling?

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Hi All,

Please explain me what is mean by Tax Filling or Filing income tax returns.

Bank is asking me for Tax return filing for 2012-2013. So excactly what i've to do.

 

Replies (1)

In simple terms, it means you declare all the income you have earned in a year in a prescribed format called Income Tax Return (ITR) to the Government and also pay taxes if due based on your quantum of income.

Contact a Chartered Accountant or Tax Practioner who will help with the details as well as filing the Income Tax Return.

 


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