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Benefits of Filing Income Tax Return

Alankit Limited is a reliable and the best solution provider in e-governance services in India. The company is a registered e-return intermediary offering reliable and professional ITR filing services online. Visit their website for more information and guidance for the process to make your life stress-free and disciplined.

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Benefits of Filing Income Tax Return

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  1. Benefits of Filing Income Tax Return Various Benefits of Filing Various Benefits of Filing Income Tax Return Income Tax Return Page. 1

  2. Benefits of Filing Income Tax Return Table of Content Table of Content 1.Overview………………………………………………………….………………………………3 2.Easy Loan Approvals…………………………………………………………………………3 3.To Claim TDS Returns…………………………………………….…………………………3 4.VISA Processing………………………………………………….….…………………………3 5.Carry Forward of Losses…………………………………………….……….….…………3 6.Buying a High Life Cover……………………………………………………………………4 7.Avoid Interest on Tax Liability………………………………………..…………………4 Page. 2

  3. Benefits of Filing Income Tax Return 1.Overviews Overviews: Every person, company or a firm is supposed to furnish a return of their income, if their total income is above the maximum non- chargeable amount under government stated income-tax guidelines. The various benefits of filing income tax returns before the due date are: 2.Easy Easy L Loan a loan. oan A Approvals pprovals: Banks demand a copy of ITR receipts to sanction 3.To To C Claim TDS laim TDS R Returns: invested in fixed deposits with the interest income chargeable to TDS. By filing income tax returns, you will get a refund of TDS deducted, if the income is below the taxable limit. eturns: This is helpful in case of people who have 4.VISA VISA P Processing: rocessing: ITR receipts of last couple of years helps you to travel overseas at the time of visa interviews. 5.Carry Carry F Forward of orward of L Losses filing income tax return you can carry forward that loss for next eight subsequent years to set off the same by the future income. This can help you reduce the burden of tax in future years. osses: If you have suffered losses in a year, then by Page. 3

  4. Benefits of Filing Income Tax Return 6.Buying a Buying a H High asking for ITR returns if you are planning to buy a term policy with a high amount. It is used to show proof of your financial stability in order to ensure payment obligations. igh L Life ife C Cover: over: These days even insurance companies are 7.Avoid Avoid I Interest on nterest on T Tax returns, the belated returns might lead to extra interest payment on a monthly basis for the remaining tax payable to you. ax L Liability iability: In case of lapses of income tax Alankit Limited is a reliable and the best solution provider in e-governance services, financial services, insurance services and healthcare services in India. It offers professional services for e-filing of income tax returns across India. The company is a registered e-return intermediary offering reliable and professional ITR filing services online. Visit their website for more information and guidance for the process to make your life stress-free and disciplined. Page. 4

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