It is essential to file income tax returns accurately in order to prevent future notices from the income tax department, late filing fees, interest on payments that are past due, penalties, etc. The filing of income tax returns occurs annually. The tax calculation period in India is from April 1st to March 31st. This year is taken into account when submitting an annual income tax return. According to changing tax laws and legislative amendments, it is now important to take all relevant factors into account while submitting income taxes. even in situations when submitting a foreign income tax return is required.
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