Collect these papers to start individual tax return filing process The financial year has just ended, and it is important for individual taxpayers to start putting together the documents necessary for initiating the process of filing their tax returns. Documents Typically, four sets of documents need to be collected by the taxpayer: Proof of income … Read More →
Got IT notice? Ensure you reply correctly Shantanu Saha, 63, who retired a couple of years ago, woke up to an SMS from the income tax department asking him why he hadn’t filed his tax return for the Assessment Year 2014-15 (where income from 2013-14 is accounted for). Saha safely assumed that since he had … Read More →