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Income tax return – What is it? Easy explanation [Video]

In this video, you’ll learn about income tax returns and the different types of income tax return forms. #incometaxreturn #ITR #wallstreetmojo #incometaxfiling #incometaxreturnforms *Make sure you take an accountant's help before submitting your tax report, as mistakes can lead to errors and notices from the tax department.* Chapters: 00:00 – Introduction 00:38 – What is Income tax 00:50 – What is an Income tax return or ITR? 02:02 – Different types of ITR forms 02: 32 – Comparison chart of ITR forms. 02:43 – What is ITR 1? 03:04 – What is ITR 2? 03:28 – What is ITR 3? 03:45 – What is ITR 4? 04:05 – Conclusion In 2021, the Indian government collected around 14 lakh crore rupees in income taxes. Income tax returns are like the bread and butter of chartered accountants. Every year, we have to pay income tax to the government, and we do that …

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