Is Income Tax Filing nothing more than just paying taxes? Think twice. Several benefits are available on filing ITRs, which are not available otherwise.

Filing an ITR every year, keeps you away from various tensions.

ITR to financial health is as important as an apple to physical health.

Is Income Tax Filing nothing more than just paying taxes? Think twice….

Several benefits are available on filing ITRs, which are not available otherwise.

Creating Financial History

How can you prove that you are financially stable?


By showing Income Tax Returns.

Yes, every while time you file a ITR, it gets recorded with Income Tax Department.

Year by year, when you file your ITR, you create sound financial history and a Net Worth.

Claiming Refunds


TDS deducted but no tax liability at the end of the year?

By filing Income Tax Returns.

If taxable income is below threshold limit, TDS deducted on salary or any other payment received, can be claimed as refund only if ITR is filed.

Visa Processing

Visa Processing

Going to foreign country for job or business purpose?

Show financial viability by filing Income Tax Returns.

Before issuing VISA, some foreign countries want to assess the financial capability of the person, for which they as ITR as a satisfactory proof.

Taking Huge Loans Easily

Taking Huge Loans EasilyWhat is the best proof of income to show to bankers?

Income Tax Returns

Bankers need to see some income proof to grant loans and ITR is the best income proof, especially in case of business men and professionals.

Did you just think that it is your choice to file ITR?

No, sometimes, Income Tax Deptt. may compel you to file ITR. So, why not file it voluntarily to avoid penalties and prosecution.

PAN Card

Through PAN number, Income Tax Deptt. tracks all the incomes and payments.

Whenever a person deducts TDS against your PAN number, all information reaches to Income Tax Deptt.

If you earn income above taxable limit, but don’t file ITR, Income Tax Department may send you a notice to compulsorily file ITR.

Income Escaping Notice u/s Sec. 147

If you hide an income from IT Deptt. and IT Deptt. comes to know about it later, you have may to suffer prosecution, and heavy penalties.

Download Why should you file Income Tax Return year after year

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Qualification: Graduate
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Location: Jaipur, Rajasthan, IN
Member Since: 31 Oct 2017 | Total Posts: 13
A CA aspirant by profession, Hardik is also a passionate content writer who has worked with reputed media houses and start-ups, magnifying on topics like Direct Taxation, GST and social issues through his writings. Besides this, he has been a paper presenter at various CA National Conferences and is View Full Profile

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