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The year in which ITR is filed is called assessment year. The year in which income is earned and for which tax return is called financial year/ previous year. Read More Income tax return (ITR) is the process of informing the government about the total income earned in the financial year gone by and paying taxes on it. The year in which income is earned and for which tax return i.

Income tax return (ITR) is the process of informing the government about the total income earned in the financial year gone by and paying taxes on it.

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