Income Tax Return (ITR) for Advocates

Dear Readers

Income Tax Return commonly know as ITR is a document which is used by financial organizations. In India mainly to type of taxes (Direct and Indirect) are collected by Govt. of India as well as State / UT governments. Income Tax is a direct tax which is collected by Government of India. A separate department is established which is responsible for collection of Income Tax, called Income Tax Department, controlled by Ministry of Finance.

When a person filed his income tax online / offline a copy of income tax receipt is provided with a unique filing number is called Income Tax Return.

Prerequisite of Income Tax Return  

1. PAN (Permanent Account Number) 
2. AADHAAR / UID (Unique Identification Number) for Individual only 
3. Bank Accounts Statement
4. Valid Mobile & Email
5. Work Details
6. LIC Premium, NPS, NSC other Deposits etc. (if available)

Benefits to Advocate form ITR

• Shows your status / Income in case of Claim

What is leap day?

Dear Readers
Leap Day is the last day of February, comes after four years. The year in which leap day comes is called leap year. Leap year is divided form four. e.g. 2000, 2008, 2020 etc.

Previous leap day: 29 Feb 2016 (Monday)

Current leap day: 29 Feb 2020 (Saturday)
Next leap day: 29 Feb 2024 (Thursday)

Thanks for reading.