📄 What is an Income Tax Return?

An income tax return (ITR) is a formal declaration of your income, deductions, and taxes paid to the government. Filing it annually helps you stay compliant, avoid penalties, and claim eligible refunds or benefits.

💡 Why Filing ITR is Important

✅ Legal Compliance

It’s mandatory for individuals and businesses above certain income thresholds to file tax returns annually.

💰 Claim Refunds

If you've paid more tax than you owe, filing lets you claim your refund from the Income Tax Department.

🏦 Get Loans Easily

ITR documents are often required when applying for business loans, personal loans, or credit cards.

📝 Documents Required for ITR

📄 PAN & Aadhaar Card

Your identity documents are essential for any tax-related process.

💼 Income Proof

Salary slips, bank statements, Form 16, or business income records.

🧾 Investment Proofs

Documents for deductions: LIC, PPF, ELSS, home loan, tuition, and more.