FilingPool

  Filing your Income Tax Return (ITR) for the first time can be a daunting experience. With numerous forms, deadlines, and legal obligations, it's easy to feel overwhelmed. However, with the right guidance and tools, the process can be smooth and straightforward.   If you're in Delhi and preparing for your first Income Tax Return Filing in Delhi , this article is your comprehensive guide. Understanding the Basics of ITR Filing What is Income Tax Return (ITR)? An Income Tax Return (ITR) is a form that individuals and businesses submit to the Income Tax Department of India to report their income, deductions, and tax payments. It is a crucial document that helps the government keep track of taxpayers' earnings and tax liability. Who Needs to File an ITR? In India, filing an ITR is mandatory for individuals and entities whose income exceeds the basic exemption limit as prescribed by the Income Tax Act. This includes: ●        Salaried ind...