‘Income tax return’ is a form where taxpayers declare details of income, deductions, exemptions, and taxes payable on their taxable income etc. Filing income tax return is mandatory to claim tax deductions under Section 80C, 80D, etc. and other eligible exemptions like long-term capital gains exemptions, which may eventually bring your taxable income to zero.
Filing Income Tax Return on time is beneficial in many ways while keeping you tax-compliant. The e-filing season has begun for the Financial Year
2020-21 . Be a responsible citizen and file your taxes early to avoid the last-minute issues and late fines.
There are several paid and free Income Tax Software available into market or online to aid you in the process. E-filing your yearly IT returns Returns becomes far more comfortable and a lot less time consuming with these software. Besides, they require minimal to zero paperwork and remove much of the stress from the entire process of filing IT returns.