Simple Loan Approval

Filing the ITR will assist persons when applying for any loans. All major banks have the right to request a copy of your tax returns.

Request a Tax Refund

If you are due for a refund from the Income Tax Department, you must file an Income Tax Return in order to receive it.

Income and Address Proof

Your income tax return can be used to prove your income and address.

Visas are processed quickly

Most embassies and consulates need you to provide copies of your tax returns for the previous two years at the time of application.

Avoid the Penalty

If you were supposed to file your tax returns but did not, the tax office has the authority to levy a penalty of up to Rs.5,000.