Thursday, July 11, 2024

What is the difference between ITR-1 and ITR-2 forms?

ITR forms to use: When you file your income tax return, it is imperative to select either ITR 1 or ITR 2, based on your income sources for the fiscal year. Utilizing an incorrect form may prompt correspondence from the tax authority, necessitating rectification. Therefore, it is crucial to use the appropriate form to avert this situation.

from Tax-Wealth-Economic Times https://ift.tt/FbavD41

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