Income tax filing refers to the process of revealing one's income, deductions, and taxes paid to the government for a specific financial year. It is a mandatory requirement for those entities whose income exceeds the minimum taxable threshold (as specified by the Income Tax Act, 1961). The income tax filing process is overseen by the Central Board of Direct Taxes (CBDT), which is a part of the Department of Revenue under the Ministry of Finance, Government of India.

In India, income tax filing is done annually for the income earned during a specific financial year. For the financial year 2023-23, the last date to file ITR by individual taxpayers is July 21, 2023. Midday Online spoke to a city-based chartered accountant, Vedika Saraf who share with us a rundown approach to file income tax returns.