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Income Tax Returns or ITR is a form used to declare the net tax liability, claiming of tax deductions, and to report the gross taxable income. It is mandatory for individuals who earn a certain amount of money have to File IT Returns.
As according to the Companies Act, 2013, Section eight Company refers to a organisation that objectives to incentivize arts, sciences, sports activities, education, surroundings preservation, social welfare, charity, or different comparable targets.