ITR Benefits: File ITR even if you do not come under the purview of income tax, these benefits will be available. Income Tax Return for FY 2020-21 (Income Tax Return) The last date for filing was December 31, 2021, which is over now, but that doesn’t mean that if you haven’t been able to file your ITR by this time, you still can’t! For information, let us tell you that those who have missed the deadline of December 31, they can still file ‘Belated ITR’!
ITR Benefits: File ITR even if you do not come under the purview of income tax, these benefits will be available
File a belated return after the original deadline to file ITR for a financial year is over ( Belated ITR File of Income Tax Department ) There is a chance to do it, but there is also a penalty to be paid along with it! Let us tell you that the deadline for filing belated ITR for the financial year 2020-21 is 31 March 2022! On the other hand, even if you do not come under the purview of Income Tax, you can still file ITR!
By doing this (ITR File Benefits) you will also get many benefits! Like the ease of going abroad and the ease of taking a loan (Loan To Go Abroad)! Also, the last date to file ITR for the financial year 2020-21 is December 31 and till December 25, more than 4,43 crore income tax returns have been filed in the country!
These are the benefits of filing income tax return
income tax return (Income Tax Return) There is proof of your income! It is accepted by all government and private organizations as income proof. If you file ITR regularly then you can get loan easily from the bank! A certificate (ID proof) is given on filing ITR, whenever ITR is filed, Form 16 is filled with it. Form 16 is available from where the person is doing the job.
In this way an officially certified document is obtained, which proves that the person has an annual fixed income of so much money! Getting a registered proof of income helps in proving your credit card, loan or credit. Income tax returns of 3 to 5 years are asked for visas of many countries. Through ITR, they check that what is the financial status of the person who wants to come to their country!
Income Tax Department News
Apart from this, if you want to get a contract for any department, then you will have to show ITR! Even to take a contract in any government department, ITR for the last 5 years has to be given! If you want to take an insurance cover of one crore rupees (term plan), then insurance companies can ask you for ITR! In fact, they rely only on Income Tax Return to know the source of your income and check its regularity!
Apart from this, you need to file ITR to claim tax refund. Income Tax Department when you file ITR ( Income Tax Department ) Assess him! If a refund is made, it is directly credited to the bank account! On the other hand, if you want to start your own business, then it is very important to fill ITR!
ITR Benefits: The Department Reminded by Tweeting
Income tax department ( Income Tax Department ) It has been tweeted on behalf of the government, in which it is written that ‘In total returns filed, there are more than 2!41 crores ITR-1 and about 1!09 crores ITR-4! These returns have been filed for the financial year 2020-21 (Assessment Year 2021-22)’! The tweet said that a total of 4,43,17,697 ITRs have been filed till December 25, 2021, out of which 11,68,027 ITRs were filed on the same day! The department has sent SMS and emails reminding taxpayers to file their returns on time! The extended deadline for filing individual ITR expires on December 31!