Sunday, August 12, 2018

7 Benefits of Filing IT Return


7 Benefits of Filing IT Return

Easy Loan ApprovalAll banks ask for ITR, it is a primary document for all kind of loans.

Quick Visa ProcessingMost embassies & consulates require you to furnish ITR copies at the time of Visa application

Income & Address Proof
ITR is considered as valid proof of Income and Address

Carry Forward Losses
Timely filing of return will allow you to carry forward losses and set off those losses in subsequent profitable years

Claim Tax Refund
The only way to claim refund is to file ITR

Avoid Penalty
ITR non filing may cause you to pay penalties up to Rs. 5000/-

Peace of Mind
Avoid notices and reminders to file ITR

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