Tax Filing Benefits: The Income Tax Department has appealed to people to file income tax returns for the financial year 2021-22 and assessment year 2022-23. Income Tax Department says that taxpayers should file returns soon. If the employees have received Form-16 from their office, then they should not delay in filing income tax return. As the date of filing income tax return approaches, the pressure on the portal will increase. This can trouble people. That’s why people should avoid filing tax returns at the last minute.
Launch on e-filing website
The Income Tax Department has appealed to the people by tweeting from its official Twitter handle. The department wrote that the sooner you file the income tax return, the more comfortable you will feel. The Income Tax Department said that the e-filing of income tax returns for the assessment year 2022-23 has started on the website. The IT department asked people to avoid last hour rush and file income tax returns early. The tweet said that the last date for filing income tax returns is July 31, 2022.
Why it is necessary to file ITR
If your dream is to start your business by taking loan or you want to buy your dream house with the help of bank loan then it is very important for you to fill ITR. Banks demand ITR for granting business loan or house loan. Keeping the future in mind, you must file your income tax return.
Will get refund soon
Those who have filed returns for the assessment year 2022-23 will be refunded by the Income Tax Department soon. If you file IT late, the process of income tax refund gets delayed due to overcrowding. This way you have to wait for the refund. That is why the Income Tax Department has asked people to file their returns soon so that the load does not increase suddenly.
