A statement of a person’s earnings from one or more sources is filed as an ITR (Income Tax Return). It includes information on taxes paid on total income. Income Tax Return Filing, or ITR Filing, is the procedure for submitting an income tax return to the income tax department.
Individuals who earn INR 2.5 lakhs (general tax payer category) are required to file an ITR. Typically, ITR filing occurs between April and July. Interest, penalties, prosecution, and scrutiny from the Income Tax Department are all associated with failing to file an income tax return.
