Key Benefits of filing Income Tax Return
Easy loan approvalYou can benefit immensely from this because you don't need to present any other documentation as evidence of income and can acquire loans quickly. |
Quick visa processingThe receipt of an ITR is required in order to process visa applications. This document serves as verification of an applicant's income, the embassy will review the information to ensure that he or she is financially capable of covering trip expenses. |
Claim tax refundBy filing an ITR, anyone can request a tax refund from the Internal Revenue Service. This is especially useful to high-income salaried and self-employed individuals. |
Income & address proofIt can also be used as a proof of your income and address. It helps in getting loans and visa approvals. |
Avoid late fees under 234FIt is mandatory for some people to complete their income tax return filing on time otherwise they have to pay fines, avoid paying any extra money by filing on time. |
Avoid Tax NoticesDo your Income Tax return filing on time so you don't get final tax notices or have to pay any extra money for penalties. |
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