Introduction: Upon filing an Income Tax Return (ITR), the tax department thoroughly reviews the submission and subsequently issues an intimation notice containing the taxpayer’s return details. In case of any discrepancies identified by the Assessing Officer, several options are available to rectify them: either agreeing with the demands of the IT department and making the […]
The ITR-2 form is among the options provided to taxpayers for submitting their Income Tax Returns. To simplify the filing process, the income tax department has classified various forms based on different types of income. Specifically tailored for individuals and Hindu Undivided Families (HUFs) without any involvement in a profession or business, the ITR-2 Form […]