Apr 18, 2023, 05:06 PM IST

5 benefits of filing income tax return (ITR)

Raunak Jain

· ITR helps you claim tax refunds. ·Unclaimed refunds are lost forever.

Claim Refunds 

· ITR acts as a proof of income. · Helps in getting easy bank loans.

Easy Bank Loans 

· Visa application requires ITR. · Helps in proving financial stability

Visa Application 

· ITR helps in carrying forward losses. · Can be set off against future income.

Carry Forward Losses 

· ITR helps in understanding your tax liability. · Helps in planning your investments better.

Plan Your Investments