Income Tax Return 2022: The process of filing Income Tax Return ie ITR has started. The last date to file ITR is currently 31st July 2022. If you file ITR before the stipulated time, then you have got many types of benefits including bank loan, visa.
Usually wait for the last date to file Income Tax Return (ITR Filing 2022-23). The last date to file RTI is July 31. The tax return should be filed before the deadline so that there is no mistake of any kind. The most important thing is that the portal becomes very slow in the last minute because in this way the load increases. In such a situation, to avoid any kind of problems, your work should be completed before the scheduled time. Most importantly, if you file your tax return first, you get many benefits. Let us know the income tax date, let us know which benefits are available for filing taxation before sitting.
You will get bank loan easily and quickly , if you file ITR before the deadline, then you will get bank loan easily and quickly. Banks and other lending institutions consider ITR receipt as the most reliable income proof. ITR will be of great help in availing any kind of loan including car, loan or home loan.
Many people who are required for TDS refund have low income and they are not in the purview of income tax. Despite this, returns are filed every year. If TDS is deducted for any reason for such people, then it gets refunded while filing ITR, only after ITR is filed, the Income Tax Department assesses it.
Ease of Getting Visa Many people find it difficult to get a visa. If you fill R ITR then it becomes easy for you. Visa authorities of many countries ask for ITR of 3 to 5 years for visa. ITR receipts are a solid proof of your income. This shows that you are able to bear the cost of travel.
Income and Address Proof
ITR is an important document for income and address proof. For government or private income or address proof, copy of ITR can be given. It gives complete information about your income and residence.
If you file ITR, then you get a lot of benefit in investing in shares or mutual funds . In the event of a loss, it is necessary to carry forward the loss to the next year and file an income tax return. If there is a capital gain in the next year, the loss will be adjusted against the profit and this will give you the benefit of tax exemption.
