Tax Filing Guide

The process of filing income tax returns in India can be complex, but the government has provided a step-by-step guide to help individuals and businesses navigate the system. Key points to consider include:
- The Section 87A rebate under the Old Tax Regime, which is available up to a maximum amount.
- Businesses requiring tax audit must file ITR-3, ITR-5, and ITR-6 by *October 31, 2026*.
Some key points to keep in mind when filing tax returns include:
- Gathering all necessary documents, including PAN cards and proof of income.
- Choosing the correct tax regime, either the Old Tax Regime or the New Tax Regime.
- Filing tax returns on time to avoid penalties and interest.