One of the most significant sources of funding for the Indian government, income tax is an unavoidable impose on the country’s residents. It aids in raising money for the nation’s necessary economic and defense demands.

To date, the department has issued notifications for seven different forms: ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, and ITR 7.It is required of every taxpayer to file their ITR by the deadline. The application of ITR forms differs based on the taxpayer’s income sources, income level, and tax type (individuals, HUFs, companies, etc.).