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ITR Filing
ITR Filing
VAKILSEARCH
INCOME TAX RETURN
Filing an income tax return is a sign that you are a
responsible citizen of the nation.
It also makes it easier for individuals and businesses to
record and consolidate their transactions and income.
WHY DO YOU Any amount you pay as tax helps in building your nation. It
is one of the major contributors to the government’s cash
ITR?
IT MAKES LOAN PROCESSING IT HELPS YOU CLAIM ANY CARRIED
EASIER FORWARD LOSSES
Suppose you want to apply for a home loan If you have incurred losses under the heads
or any other loan (other than a mortgage). In “Capital Gains” or “Profits and Gains from
most cases, a lender will ask for income proof Business or Profession” and want such losses
before sanctioning a loan.The process will to be carried forward to the next financial
include submitting your income tax returns year, you can do so only by filing your
for the last two or three financial yea income tax return.
Benefits of
Filing Income tax
(ITR) IT ALLOWS YOU TO CLAIM TDS
REFUNDS
IT WILL HELP YOU WITH VISA OR
CREDIT CARD APPLICATIONS
If your employee deducts tax at source or If you are applying for a visa for an
you have a contractual agreement that international trip or a credit card, the issuer
invites TDS, you can claim a deduction for will demand income proof from you. In most
the same by filing your income tax return for cases, you are required to submit your
the year within the deadline and the last income tax returns for the last three years. It
date is 31st July will help the other party ascertain if you are
eligible for a visa or a credit card.
HURRY UP NOW
Only few days for left to file,
31st July is last date for filings
Thank you