Tax Filing Forms | ITR FORM-1, FORM-2, FORM-2A : Know the difference
Tax Filing Forms | ITR FORM-1, FORM-2, FORM-2A : Know the difference
Filing your taxes is just not a statutory duty but also a moral and social responsibility of every citizen. Tax return is a form that you are required to file and contains information about your income as well as tax liability thereon. You are required to file these tax return forms with the Income Tax Department.
There are different types of ITR forms and each form is applicable to a certain section of assessee. These forms need to be filed on a specified due date.
In this video by H&R Block, we shall discuss the difference between ITR Form 1, Form 2 and Form 2A.
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Some of the questions which have been answered in the article are
1. What is Income Tax Return?
2. Which ITR Form to File?
3. Understanding – ITR Form- 1, Form -2, ITR 3, ITR-4 SUGAM, ITR-5, ITR-6, ITR-7
4. Important information required to file ITR
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We help individuals in income tax e filing. eFiling income tax return is mandatory for all individuals with taxable income to remain compliant as per income tax act of India. Income tax return filing due date is 31-July every year.