Direct Tax is a tax that is calculated directly on your Income. This includes tax on salary. Income tax is a Direct Tax.
Indirect Tax is a tax that is indirectly charged. And is put on goods or services. Most indirect taxes have now come under Goods and Services Tax (GST).
These are some of the common types of ITR forms in India. It's important to note that the specific ITR form to be used by a taxpayer depends on their income sources, category, and other relevant factors.
StartUpTaxSuvidha can help you fill in your ITR through an E filing method.
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Filing an Income Tax Return (ITR) typically involves several steps. Here's a general overview of the process:
The purpose of income tax filing is to calculate the amount of tax you owe based on your income and other financial circumstances. The tax return is typically submitted to the tax authorities. The tax authorities review the information provided, verify it against their records, and assess the amount of tax owed or any refund due. StartUpTaxsuvidha is a well-known service provider for income tax filing pan India and the professionals here will guide you through step by step and reckon all your queries on time.