Filing Income Tax Returns (ITR) is mandatory under the Income Tax Act, 1961, for individuals and entities whose income exceeds the prescribed limit. It:
You must file ITR if:
Your income exceeds ₹2.5 lakhs (for individuals below 60 years).
You own foreign assets or have foreign income.
You want to claim a refund.
You run a business or profession
You are filing on behalf of a company, firm, LLP, or trust.
The ITR portal is the official e-filing website by the Government of India – https://www.incometax.gov.in – where taxpayers can file their returns, track refund status, and manage tax compliances.
ITR-1 (Sahaj): For individuals having salary/pension income, one house property, and other sources with total income up to ₹50 lakhs.
ITR-2: For individuals and HUFs not having income from business or profession.
ITR-3: For individuals and HUFs having income from business or profession.
ITR-4 (Sugam): For individuals, HUFs, and firms (other than LLP) opting for presumptive taxation.
ITR-5: For Partnership firms, LLPs, AOPs, BOIs, and others.
ITR-6: For Companies (except those claiming exemption under Section 11).
ITR-7: For persons including companies required to furnish returns under Sections 139(4A) to 139(4D).
GST Registration is mandatory if your turnover exceeds ₹40 lakhs for goods (₹20 lakhs in special category states) or ₹20 lakhs for services (₹10 lakhs in special category states). It ensures:
Legal recognition as a supplier\
Input Tax Credit (ITC) claim
Participation in interstate trade
Compliance with the law
The official GST Portal – https://www.gst.gov.in – allows registration, filing returns, making payments, and managing GST compliance for businesses.
CGST – Central Goods and Services Tax
SGST – State Goods and Services Tax
IGST – Integrated Goods and Services Tax
UTGST – Union Territory GST
GST Filing refers to submitting details of outward and inward supplies, tax collected, tax paid, and claiming ITC. Common returns include:
GSTR-1 – Outward supplies
GSTR-3B – Summary return
GSTR-9 – Annual return
