If you have paid a surplus of taxes in the present then is the amount payable, you will be entitled to an Income tax refund. If it is the reverse, you are required to pay the remaining amount before you file your Income Tax Returns. In case you have paid more taxes previously or any TDS or Advance Tax has been paid, you can show the correct incomes and taxes paid/payable in your Income Tax Returns. Income Tax Return forms range – Form ITR 1 to ITR 7, used for different kinds of income and business entities or employees. Depending on the kind of form, there are several disclosure prerequisites.

Filing an ITR in India is an online procedure and is paperless. There is no need for submitting a physical tax return. All the documents are to be submitted online when the time arises. The income tax return has to be filed for a particular financial year irrespective of the accounting ear adopted by you, i.e, from April-March.