Tax2win Tax Associate Interview Questions and Answers

ITR stands for Income Tax Return, a form used by taxpayers to file their income tax with the government.

• ITR is a document that taxpayers use to report their income, deductions, and tax liability to the government.

• It is filed annually by individuals, businesses, and other entities to report their financial information to the tax authorities.

• The information provided in an ITR helps the government calculate the tax liabil...read more

The last date for filing ITR for individuals is usually July 31st of the assessment year.

• The last date for filing ITR for individuals is typically July 31st of the assessment year.

• For example, for the financial year 2020-2021, the last date for filing ITR would be July 31, 2021.

• It is important to file the ITR on time to avoid penalties and interest charges.