Author: Varshini R

The important aspects that every tax payer should know

In order to report their income, deductions, and tax obligations, taxpayers are required to file an
income tax return with the government, often once a year. You can compute the amount of tax that is owed to the government or the potential tax refund from investments that save you money on taxes
by filing an ITR. According to several tax professionals, you can use the following strategies to maximise your tax returns after filing your income tax return. When taxes are paid in excess of the amount of tax actually assessed, an income tax refund typically results. The following options are available to taxpayers who want to optimise their tax refunds: