An income tax is a tax leviedupon income or profit earned by all individuals or businesses. Income Tax Return consist of various form swhich are filed by individual or business to provide information about their income and tax to income tax department. The forms included are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7.
These returns need to be filed before the specified due date. Every Income Tax Return Form is applicable to a certain type of business or individual. Income Tax Department will process the forms only if they are filed by eligible business or individual. So, it is very crucial to know which particular form is applicable to you.