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Income tax is a crucial aspect of personal and business finance in India. Every year, taxpayers, whether individuals or businesses are required to file their income tax returns (ITRs) to declare their earnings and pay taxes accordingly. Understanding the different types of ITR forms is essential for every taxpayer to ensure compliance with the Income Tax Act of India. Each form serves a specific category of taxpayers, from salaried individuals to large corporations, based on the complexity and source of their income.
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