Why to file income tax returns?

Here are the reasons why should you file your income tax returns?

-> If you fail to file income tax return then there may be a penalty imposed by income tax department.

-> You don’t get the benefit of carry forward of lossed

-> If a refund is due after adjustment of prepaid taxes or TDS, then you have to file income tax return.

-> It is very much required, if need any loan from bank.

-> Creates your financial history with Income Tax Department.

-> It is required if visa for foreign country is required.

-> Income tax return is a proof of your financial life while making any investments.

 

For any further details regarding filing income tax returns, you can contact at financetalkies@gmail.com

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