Income Tax Returns (ITR)

Income Tax Returns (ITR) are official documents filed annually with the government, detailing your income, expenses, and taxes owed or paid. They serve as a declaration of your earnings from various sources like salary, business, or investments. Filing ITR ensures compliance with tax laws, helps claim refunds if you've paid excess tax, and provides a record of your financial history. It's a key step in maintaining transparency and financial order, and is necessary for many financial activities, such as applying for loans or visas, or correcting past tax records.