Filing your Income Tax Return (ITR) in India can seem overwhelming, especially with all the new terms and abbreviations. However, understanding these key terminologies can make the process much easier. This guide will help you navigate through the essential terms you need to know, ensuring you file your ITR correctly and confidently. Unveiling the Basics ...

Understanding the Different ITR Forms The Income Tax Department of India provides several ITR forms, each meant for different types of taxpayers and income sources. Here’s a quick rundown of the most common forms: ITR-1 (Sahaj): For residents with a total income of up to ₹50 lakh. This includes income from salary, one house, and ...