Individual Income Tax Forms
An individual is required to file a separate return of income. Joint filing is not permitted. Husband and wife are treated as separate and independent individuals for the purposes of Indian income-tax.
An individual engaged in a business or profession is required to have the books of account audited under the tax laws if the turnover/total sales/gross receipts exceeds INR 10 million in the case of a business or where the gross receipts exceed INR 5 million in the case of a profession.
No-Filing Service (NFS)
If you receive a letter or SMS informing you that you have been selected for NFS, you are not required to file an Income Tax Return.
Your Notice of Assessment or tax bill (digital or paper format) will be sent to you from end Apr onwards. Your tax bill is computed based on your auto-included income and previous year’s relief claims, which may be adjusted if you do not meet the eligibility criteria.
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