As per income Tax Act 1961,Every assessee has to file income tax return with the income tax authority(CBDT) and duly pay the tax liability Every financial year on before due date. Return has to be filed in a financial year, When income crosses the permitted threshold as provided in the Finance Act.

The authority has classified assessee in to following classes, such as individual, HUF, Company or any other business. Timely compliance of Tax laws help to save lot of litigation and costs.