A taxpayer needs to file his income tax return for reporting his income for a financial year, carrying forward losses, claiming an income tax refund etc. According to Income Tax Act, 1961, an income tax return is a form that enables a taxpayer to declare his income, expenses, tax deductions, investments, taxes, etc., which makes it mandatory under various scenarios for a taxpayer to file an income tax return.
The income tax return can be filed very easily through the online portal just sitting at home. The taxpayer needs to choose the right income tax from the following forms.
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