Glossary
/ITR Full Form
What is the Full Form of ITR?
The full form of ITR is Income Tax Return.
It is a legal document you submit to the government every year showing exactly how much you earned and how much tax you have already paid. Filing it on time is absolutely mandatory if your income crosses the basic exemption limit. You can actually use it to claim refunds if your employer deducted too much TDS. Miss the July 31st deadline, and you will be paying a painful late fee under the new tax rules.
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