It is very easy and simple to download your ITR-V.
It applies only to those who file without a digital signature. It stands for Income Tax Return Verification the IT department generates this for taxpayers to verify the legitimacy of their e-filing. As an acknowledgement for filing Income Tax returns, tax-payers are provided with ITR-V. 2,50,000 during a fiscal year are the most prominent ones. Being a resident of the country along with earning more than the minimum threshold of Rs. Taxes are of two types - direct tax and indirect tax.įiling taxes is a mandatory affair in the country, as long as you meet some basic eligibility criteria. Income tax is collected by the Government of India. Income Tax is a tax you pay directly to the government based on your income or profit. The income could be pension, salary, or could be earnings from a savings account. Everyone who is earning in India has to pay income tax. Income tax in India is imposed by the Government of India.
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