Filing of Income Tax Return is compulsory if the taxable income exceeds the basic exemption limit even if the tax payable is nil or refundable.
An ITR acknowledgement is required when you apply for a home loan, or purchase an insurance policy or even when you apply for a visa.
Please keep the following in mind:
The last date for filing the IT Return is 31st july of the year following the concerned financial year.
It is important to file your Return within the due date to get Refunds, if any, on time and to avoid penalty, if tax is due.
Ensure accuracy in filing your IT Return to avoid scrutiny and also to get timely Refunds.
Take all possible tax breaks as “Tax Saved” is “Money Saved”.
Ensure proper and timely Tax Planning to avoid paying extra tax while generating funds to meet your financial goals.