BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sign your tax form(s)
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Fill out IRS Form 1040
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Gather all your documents like W-2 statements, your Social Security number, any receipts, etc.that could affect your tax liability you owe the government
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None of the above
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Detailed explanation-1: -Step 1: Calculation of Income and Tax The calculation should take into account income from all sources such as salary, freelancing, interest from income, etc. The taxpayer can claim the deductions such as tax-saving investments under section 80C and so on.
Detailed explanation-2: -You can refer to the Offline Utility (for ITRs) user manual to learn more. Follow the steps below to file and submit the ITR through online mode: Step 1: Log in to the e-Filing portal using your user ID and password. Step 2: On your Dashboard, click e-File > Income Tax Returns > File Income Tax Return.
Detailed explanation-3: -If you’re filing income tax returns for the first time, the first step is to register yourself on the portal. Furthermore, it is very crucial to file an ITR before the ITR filing last date. Generally, the last date for filing an ITR every year is July 31. Step 4: Enter your details like name, gender, address etc.