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Do You Know How To File Income Tax Return Absolutely Free? Check Here Now
Do You Know How To File Income Tax Return Absolutely Free? Check Here Now

October 14, 2019

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File Income Tax Return Absolutely Free

Government of India (GOI) has made the e-filing of income tax returns (ITR) mandatory for all the assesses with annual Income of more than Rs. 5 Lakhs. This compulsion will lead to exorbitant number of online Income Tax Return filing by Gen IT software. Huge fraction of manual filing will be superseded by the e-filing now.

For the online filing of IT returns, income tax software is a prerequisite. An income tax software can auto calculate the Income Tax from the details furnished within it, as per the prevailing tax rate slab under which a particular income comes. The Income Tax Return filing software will accurately calculate the tax and will set out an ITR which is whole in all aspects. Additionally, it will also upload the ITR on the official website of the Income Tax department.

Free Income Tax Software by Govt.

To help and motivate the assessees for the online filing of ITRs, a free income tax software has been launched by the Central Board of Direct Taxes. This is a java-based software, available for free download on the Income Tax website.

 

Different software is available for different types of returns such as ITR 1 and ITR 2 etc. The software gets updated with any alterations in tax rates & laws by GOI for every Fiscal year. The free IT software provided by the government is all-inclusive and the best software available today.

Paid Income Tax Software by Private Vendors

Many income tax software is invented by taxation software development companies like SAG Infotech, Karvy, etc. These are government certified software with the capability to execute all the operations performed by the Government utility.

This software is appropriate for big firms that need to file complex ITRs with voluminous data. Tax Software by Private Vendors are not available for free and can be downloaded by paying a certain amount of fee.

An assessee can file an ITR online either by a free IT software or by a paid one but remember, for the large and big business entities, the paid IT software by IT companies is most relevant.

 


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I am Shyam Singh, a professional content writer, and digital marketer having more than 5+ Years of Experience in outreach content in tax and blockchain marketing like Crypto, ICO, IGO, STO, IDO, IEO, WEB3, Crowdfunding and more. I publish blockchain and digital marketing content and an everyday guide to professional business websites and portals. You can follow me on the latest updates in the blockchain industry.

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