Should you file your Income Tax Return on your own ?
We live in the era of easy information and anything which we want to know about is available on our fingertips, to boost our DIY (Do It Yourself...!) confidence. One such important thing, which is said and claimed that you can do on your own is, filing your Income Tax Return (ITR). Today, we will try to answer this question whether you should file your ITR on your own. First of all, it is necessary to understand what is ITR and why it is so important document. To put it simply, ITR is an annual statement through which you provide the details of your incomes from different sources, transactions related to sale and purchase of properties and assets, your investments, taxes paid and payable and other financial information as asked in the ITR form. It can be explained as a single consolidated statement through which you disclose all your financial transactions to the Income Tax department and therefore, ITR must be filed with utmost care, accuracy and correctness. Who can file his/her...