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Income Tax Return Forms: Which form to choose to file ITR this year?

As the last date to file your income tax return (ITR) looms closer, one should note that filing your Income Tax Return (ITR) using the wrong form can lead to various consequences. The Income Tax Department may reject your return, requiring you to refile with the correct form.
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Income Tax Return (ITR) filing: Here's how to file returns using Excel Utilities for ITR-1, ITR-4 forms

In February this year, the Income Tax Department issued the ITR forms for individuals, Hindu Undivided Families, businesses, and others for 2022-23 fiscal. The utilities can be easily downloaded from the Income Tax e-filing website.
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