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Filing an Income Tax Return (ITR) is a mandatory annual process for individuals whose income exceeds the basic exemption limit. It allows them to report their income, claim deductions, and even request refunds for the excess taxes paid. The Income Tax Department offers two main methods to file ITR: Online (directly on the portal) and Offline (using utility software).
The online process for filing ITR is great for individuals who have simpler income sources, as it allows real-time data entry on the portal. The offline method is preferable for complex returns or for those with limited internet connectivity. E-verifying your ITR is important, as if not done, your return is considered invalid. It can be done using various methods like Aadhaar OTP, net banking, or by sending signed physical copies of the ITR-V to CPC, Bengaluru.

Mr Shaw brings 8 years of experience in auditing and taxation. He has a deep understanding of disciplinary regulations and delivers comprehensive auditing services to businesses and individuals. From financial auditing to tax planning, risk assessment, and financial reporting. Mr Shaw's expertise is impeccable.
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