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A taxpayer can disclose their income, expenses, tax deductions, investments, taxes, etc. on a form known as an income tax return. The Income Tax Act of 1961 makes filing an income tax return a mandatory in a number of circumstances.
A form called an income tax return is used to disclose a taxpayer’s yearly income. Even in the lack of income, there may be a number of valid reasons to file an income tax return.

Process

• Step 1: Calculate Income and Tax
• Step 2: Tax Deducted at TDS Certificates and Form 26AS
• Step 3: Choose the right Income Tax Form
• Step 4: Download ITR utility from Income Tax Portal
• Step 5: Fill in your details in the Downloaded File
• Step 6: Validate the Information Entered
• Step 7: Convert the file to XML Format
• Step 8: Upload the XML file on the Income Tax Portal