Income Tax Return Information

Income Tax Return Information in Marathi Five reasons, which will surely fill the income tax return. Filing of Income Tax Returns (ITR) during every financial year does not just prove that you are a responsible citizen but rather understand these five reasons why it is important to file an ITR.

Income Tax Return Information in Marathi

Income Tax Return Information in Marathi
Income Tax Return Information in Marathi


Income Tax Return Information in Marathi

Income Tax Return Information in Marathi
Income Tax Return Information in Marathi


Income Tax Refund

If you file income tax, it can also give you an advantage. If your employer has deducted more TDS than your salary, you can also claim income tax return for this additional amount. The amount of additional deduction will be refunded to you.


 Relief on giving a penalty

If you file an income tax on time, you can avoid penalties. If your income is five lakh or less and you do not submit the ITR by July 31, then you will have to give a penalty of 1000 rupees. There will be a penalty of 5,000 rupees on the delay of one day from July 31 in Surat due to earning more than 5 lakh.

Loans are available with ease 

If you file your income tax return every year, you may be able to get a loan. ITR is proof of your income and most of the private sector banks accept it as proof. Generally, banks are demanding it before giving a loan.




 Benefits of getting real estate registration

 In some situations, your ITR filing remains beneficial, such as registration of land. During the registration of land, you have been asked for the last three years of ITR. If you provide the documents associated with it, you will obviously benefit.


 It is also important for Visa 

ITR filing is not only helpful in getting bank loans, but it is also important for getting the visa, ie processing it. Visas Authorities of many countries ask for 3 to 5 years of ITR. Through ITR, the authorities try to check the financial status of the visa holders.


Subscribe to receive free email updates: