CBDT Issues E-Brochure "Everything about e-filing made easier"
What's an ITR?
An important term you must know.-ITR stands for Income Tax Return. A form you have to submit to the Income Tax Department that carries information about your annual income and the taxes you’re liable to pay income during the year.
Why is it Important to file an ITR?
Filing your ITR is legally mandatory as per the Income-tax Act. 1961 and also serves as an important legal document for some of the big steps we take towards progress. And this makes it crucial for us to file promptly and regularly.
Some of the occasions where an ITR becomes mandatory are:
- Loan Applications
- Overseas Education
- Visa Applications
Click here to download the E-Brochure
CAclubindia
