Category Archives: Filing tax returns

IT returns – Things you need to fill in

For the purpose of reporting, both the AIR and exempt income, you need to have all the documents in place such as bank statements, mutual fund statements etc among other things. So make sure you have these documents handy so that you can complete the process of filing returns with ease. Make sure you complete… Read More »

Why is it important to file tax returns?

Income tax authorities allow you to self assess your income and accordingly pay taxes. Many people tend to believe that his/her income tax return is a drop in the ocean for the income tax authorities and hence not declaring income or understating income may well be worth because it saves you a few bucks. Deliberately… Read More »