Why you should file Income Tax Return?

Why you should file Income Tax Return?

The benefits of filing ITR returns are as follows:-
• It is a proof of the financial status of an applicant.
• It helps in applying for loans.
• It helps in carrying forward capital losses.
• ITR receipt is a useful document and used for visa processing.
• ITR receipt can also be served as an address proof.
• In case you need to file a government tender, it is essential to show ITR receipt for Previous Years.
• you can avail various deductions under Section 80C to 80U and can claim refund from the income tax department too.
• If you want to claim adjustment against past losses, a return is necessary.

For more information on this visit https://www.taxaj.com.

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