ITR-3 Form To file your Income Tax Return (ITR) using ITR-3 form, which is applicable for individuals and Hindu Undivided Families (HUFs) having income from a business or profession, you can follow these steps: 1. Gather your documents: Collect all the necessary documents, including your business income details, profit and loss statement, balance sheet,… Read More »
ITR Filing Online To file an Income Tax Return (ITR) Filing online in India, you can follow these steps: 1. Register on the Income Tax Department’s e-filing portal: Visit the official website of the Income Tax Department of India (https://www.incometaxindiaefiling.gov.in/) and register yourself as a new user.Please furnish the necessary information and finalize the… Read More »
ITR 1 Vs. ITR 4 ITR 1 Vs. ITR 4 are two different income tax return forms in India, applicable to different types of taxpayers. Here are the key differences between ITR-1 (Sahaj) and ITR-4 (Sugam): Applicability: ITR-1: It is applicable to individuals who are residents of India and have income from salary, one house… Read More »
ITR with Balance sheet No, it is not mandatory to file the ITR with balance sheet in India. However, certain taxpayers such as companies, firms, and LLPs require to file a copy of their balance sheet along with their income tax return. Individuals and HUFs (Hindu Undivided Families) generally do not require to file their… Read More »
