·     Income tax is money that individuals and businesses must pay to the government based on the money they earn. When you work a job, earn interest from savings, or make a profit from a business, you owe a portion of that income to the government as tax. The government then uses this money to fund things like schools, roads, healthcare, and other public services that benefit everyone. The amount of tax you owe depends on how much you earn, and the tax rules set by the government.

·      Basic Documents Requirement for Filing Income Tax:

1.     PAN Card

2.     Aadhaar Card

3.     Form 16 (In case Of Salary)

4.     Business details (In case of Business)

5.     Trade License

6.     Bank Details (Statements of Last financial year of all banks)

7.     FD, LIC & Others Investment (Stock Market, Mutual Fund, Gold, Land, Crypto Currency etc.)

8.     Previous Years’ Balance Sheet (If previous years return filed)