Income Tax Liability

Income Tax Return
An Income Tax Return (ITR) is a form filed with a tax authority that reports income, expenses, and other relevant financial information. Tax returns are used by individuals and businesses to calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.