It is yet again that time of the year, when individuals are scurrying around to find a helping hand to file their taxes. Most of us avail the help of a chartered accountant to get through this seemingly elaborate process, while, there are others who use the self-help option and manage to do a decent job themselves.
Tax filing is the last step in tax management. Tax filing can be done either online or manually. The document that needs to be prepared and filed with the income tax department is the Income Tax Return (ITR) form. Tax filing has undergone a sea change over the years; while simplification seems to be the mantra behind these changes, it is ironical that the nuances of filing keep changing every year and it has become increasingly challenging for a layman to catch up.
Are these some of the important questions nagging you just a fortnight before the July 31 deadline to file your tax returns:
Shall I file my tax returns or not?
Which ITR form shall I use to file my tax returns?
Have I claimed all tax deductions to reduce my tax outgo?
Shall I take professional help to file tax returns or to do-it-mourself?
Rediff.com in association with RelaxwithTax, brings to you an interactive chat session 'The Tax Window', where you could get your tax queries resolved instantly. Tax expert, Mahesh Padmanabhan will answer all your tax-related queries on Monday, July 16, between 2 pm and 3 pm.
About Mahesh Padmanabhan
Mahesh Padmanabhan is principal advisor -- direct taxes group, RelaxWithTax Consultants Pvt Ltd, a Mumbai-based personal taxation and finance solutions provider.
(Due to circumstances beyond our control, date and time of chat may change)