Finance
What is Income Tax Return (ITR) Filing?
- Income Tax Return (ITR) Filing
- ITR filing is the annual submission of income, deductions, and tax details to the Income Tax Department by individuals and businesses as required by Indian tax law.
Who Must File ITR?
All companies and LLPs must file ITR regardless of profit or loss. Individuals with income above the basic exemption limit (₹2.5 lakh) or with foreign assets must also file.
ITR Forms
ITR-1 (simple salary income), ITR-3 (business/profession), ITR-4 (presumptive scheme), ITR-6 (companies) — each form corresponds to specific income types and business structures.
ERP Support
ERPNext's P&L report, balance sheet, and TDS reports provide the financial data needed for ITR preparation. Export to Excel for chartered accountant review and filing.
Need help with Income Tax Return (ITR) Filing?
Infonoxe Technologies specialises in ERPNext implementation and custom software for Indian businesses.
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