Income tax is the revenue to the government or expenditure to the individual. It is the contribution to the GDP of India . Tax on all sources of income earned by an individual.
The Sources Of Income :-
Income from job .
Income from land and house .
Income from professionals .
Income from capital .
Benefits of Filing ITR :-
It safe-guards an individuals from the penalty of tax laws .
It helps to manage financial affairs in well manner .
ITR is the best evidence to show against the ability of person to repay the loan while applying for any kind of loans .
It helps in immigration services like for visa processing , if you feel to go abroad .
It makes us a responsible citizen in India .
The ITR receipts can be used as a residential proof or address proofs .
It helps in achieving credit card faster .
It makes life easier for independent professionals .
It helps to compensate losses in the next financial year .
Super tax benefits for citizens that is tax free those senior citizens upto 3lakhs and for upto 5lakhs for super senior citizens
Filing Bazaar APP
