As taxpayers get ready to file their returns, it is crucial to understand the key sections of the Income Tax Act, 1961, that can help in accurate tax calculation, availing deductions, and choosing the appropriate tax regime.
Kamlesh H Bhatt
After completing my graduation (B. Com), I started my career in the agency in October 1999. My areas of work are LIC, general insurance, Postal Savings and Mutual Funds. In the short duration of my stint as an insurance advisor, I've provided the benefits of insurance to about 400 families, selling 640 policies. Also, I've been servicing about 1250 of other agents' policies.
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Income Tax Returns: New ITR-1 form explained – What are the key changes notified this year?
Financial Express 02/05/2025
The simplified form is designed for individuals and entities who earned up to Rs 50 lakh during the recently concluded financial year.
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