Income Tax Filing

Benefits of filing income tax returns

1. Avoid IT scrutiny

Avoid legal repercussions If cash deposited during the demonetization period is greater than Rs 2 lakh in your bank account.

2. Avoid Tax notices

Taxpayers often get served notices from the IT department for delayed & missed return submissions.

3. Build financial documentations

Your Tax Return documents are proof of your financial investments and will be useful when you apply for a loan or a visa.

4. Carry forward your losses

You can carry forward losses against house property and depreciation.

5. Tax Refund

You can claim tax refund; earlier your file sooner you get the refund.