What is a Income Tax Return Filing?
A tax return provides information so that the taxation authority can check on the taxpayer's calculations, or can determine the amount of tax owed if the taxpayer is not required to calculate that amount. Income Tax Return is the form in which an assesse files information about his Income and tax thereon to Income Tax Department. income tax return is a document you file with the Internal Revenue Service or the state tax board reporting your income, profits and losses of your business and other deductions as well as details about your tax refund or tax liability.
Individuals who fulfill any one of the following conditions should by law file their Income Tax Returns during a financial year.