INCOME TAX E-FILING | Online Income Tax Return Filing in India

Income Tax E-Filing is a process through which Individuals/HUF/Associations/Businesses provide information about their income throughout the financial year & accordingly the Income tax if filed. The process of Income tax e-filing comes into existence once the final income of the assesse is computed from all sources & subsequent income tax is calculated. Different ITR Form is prescribed which is based on the sources of income.

The source of income means how it is generated-it is income from salaries, income from housing assets, income from business or occupation, income from capital gains, income from other sources (interest). Income etc.

The government of India has introduced a taxpayer friendly income tax e-filing portal 2019-20. With the advent & extended reach of technology, the Income tax e-filing process has also been improved.