Thursday , September 19 2024

This document should be mandatory for filing income tax return, otherwise it will not work

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ITR Filling: The process of filing income tax return has started. People are continuously filing income tax returns under the income earned in the financial year 2022-23. At the same time, there are different tax slabs according to the different income of the people. Income tax return has to be filed according to the same tax slab. At the same time, people should also have the necessary documents to file income tax returns. Without which you will not be able to file income tax return.

Actually, it is very important for people to have PAN card to file income tax return. People without PAN card cannot file income tax return. Permanent Account Number is abbreviated as PAN. This is a unique 10-digit alphanumeric number.

financial transactions
All tax-related transactions and information of an individual are recorded using their unique Permanent Account Number. An individual should include his PAN number while filing income tax. Apart from this, the person also uses PAN card for his business, bank, mutual fund, firm etc.

Will work easily
When the Income Tax Department receives financial information from various entities through PAN, it enables the tax collector to coordinate all tax related work with the department. As a result, taxpayers can easily settle all their financial transactions by entering only one Permanent Account Number