ITR filing/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. In general, this Income Tax return is a form that a person is supposed to submit to the income Tax Departments of India. This form contains information about the person's income, and the taxes they have to pay on or during the particular year. An Income tax return (ITR) is a form used to file information about your income and tax to the Income Tax Department. The tax liability of a taxpayer is calculated based on his or her income. It is the duty of all the responsible citizens of the country. The income tax laws state that filing IT returns is mandatory for some but voluntary for others. Irrespective of the category you fall into, it is imperative for you to file it. In simple, an income tax return or ITR is a form used to declare your gross taxable income for a given financial year. It comprises income from all sources and dictates the income tax slab that you qualify for. ITR also helps you claim deductions and thereby determines your annual tax liability. Even though income tax is paid every month from the monthly earnings, it is calculated on an annual basis. The amount of income tax an individual has to pay depends on several factors. If a person does not file ITR and misses the ITR date, his returns will be filed late, and refunds, if any, will be processed late. Also, a late filing fee is applicable under Section 234F. At Saanvika Legal Associate, other laws cases like business law, financial law, insurance law, environment law, consumer law, property law, banking, tax, cyber, labor, constitutional, legal registration, nocs, litigations, criminal, family law, and so on are provided. All kinds of Law services are offered by experienced lawyers that result in the success of your cases in every way possible.