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RETURN OF INCOME FORM NO. 2 SARAH ITS-2 See rule 12(1)(b)(i) of Income-Tax Rules, 1962 Fertile Return of Income (FOR NON-CORPORATE ASSESSES NOT CLAIMING EXEMPTION U/S 11 AND HAVING INCOME FROM BUSINESS
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What is return of income form?
The return of income form is a document that individuals, businesses, and organizations use to report their income and financial information to the tax authorities.
Who is required to file return of income form?
Generally, individuals and entities that have an income above a certain threshold set by the tax authorities are required to file a return of income form.
How to fill out return of income form?
To fill out the return of income form, individuals and entities need to provide accurate information about their income, deductions, credits, and other relevant financial details. The specific instructions for filling out the form can vary based on the tax jurisdiction.
What is the purpose of return of income form?
The purpose of the return of income form is to enable tax authorities to assess and calculate the tax liability of individuals, businesses, and organizations based on their reported income and financial information.
What information must be reported on return of income form?
The return of income form typically requires individuals and entities to report their total income, the sources of income, deductions, credits, and any other relevant financial information as per the instructions provided.
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