The process of filing income tax returns and paying income tax on the income earned from various sources such as salary, business, profession, capital gains, etc.
Income Tax Return Filing is the process of declaring the income earned from various sources and paying the tax due on it to the government. Income tax return filing is mandatory for individuals, firms and companies who have taxable income in a financial year.
GST Return is a document that contains the details of the transactions related to the supply of goods and services by a GST-registered taxpayer. GST return filing is mandatory for every GST-registered taxpayer, regardless of whether there is any transaction or not in a given period.