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Income Tax efiling in India for FY 2023-24 (AY 2024-25)

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ITR Guide - Which ITR Should I Apply? Types of ITR, File ITR - Income Tax Returns filing - ITR forms FY 2020-21, AY 2021-22

ITR stands for Income Tax Return. The Income Tax Act, 1961 regulates all ITR forms and procedures to be followed. This article provides an in-depth understanding of the meaning of the ITR and the types of ITR forms.

What is the ITR?

Income Tax Return (ITR) is a form in which taxpayers file information about his or her income and taxable income from the income tax department. The department has introduced 7 different forms namely ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 to date. Every taxpayer must complete his / her ITR before or before the due date. The effectiveness of the ITR forms varies depending on the taxpayer's income sources, the amount of revenue earned and the category of taxpayer such as individuals, HUF, company, etc.

Frequently asked questions

It is mandatory to file income tax return (ITR) in India if any of the conditions listed below apply to you:
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