What is return of income?

Forums Tax Filing What is return of income?

What is return of income?

What is a return of income? I read this term somewhere and got a bit confused.

Profile photo of Tushar Pol Asked By: Tushar Pol 1 replies 0 helpful answers Last Updated: 7 months, 3 weeks ago
  • Profile photo of Tushar PolTushar Pol
    Participant

    What is a return of income? I read this term somewhere and got a bit confused.

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    It is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department. Different forms of returns of income are prescribed for filing of returns for different Status and Nature of income.

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