First Time ITR Filing: Guide 31 July is the last date to file ITR. If you do not want any kind of charge or fee, then first remember your ITR file. If you are going to file an ITR for the first time, then this article is for you. Today we will learn about some such important points.
Take special care of these things
While filing ITR, you may need a document related to salary and expenses. These will require salary sleep, form-16, rent bill, shares and capital gains tax on other benefits etc. Therefore, prepare all these documents or documents in advance.
Choosing the right form is also very important. Currently ITR-1, ITR-2, ITR-3 and ITR-4 are available to file ITR. Get information about all these forms. After this, choose those who are suitable for you.
You will have to choose one of the Old Tax Resetam and the new tax regime. For this, you have to assess these two correctly. Old tax regime gets a variety of discounts. These exemptions are not included in the new tax regime.
Apart from this, before filing ITRs, make online income tax calculations. After which you can reduce tax by claiming deduction.
At the same time, keep in mind that you have filed an ITR before the time limit. Along with this, take special care of e-verification. On knowing all these things, you will not have any kind of trouble while filing income tax.