The income tax department has done well to convert most of the steps associated with tax return filing into electronic format. On successful verification of the return from your end, the income tax department would start processing the return.
The income tax department would then send an acknowledgment that they have received your return.
These actions do not only ensure that your tax return is complete without any roadblocks but also make sure that your return is not tagged as invalid.įirstly, you need to file your tax returns within the stipulated deadline, which usually is the end of July. There are three major steps when it comes to filing of your taxes and when done in the same order, you have a higher chance of completing your tax-related duties.
Being a resident of the country along with earning more than the minimum threshold of INR 2,50,000 during a fiscal year are the most prominent ones. Filing taxes is a mandatory affair in the country, as long as you meet some basic eligibility criteria.
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