Apr 18, 2023, 05:06 PM IST
· ITR helps you claim tax refunds. ·Unclaimed refunds are lost forever.
· ITR acts as a proof of income. · Helps in getting easy bank loans.
· Visa application requires ITR. · Helps in proving financial stability
· ITR helps in carrying forward losses. · Can be set off against future income.
· ITR helps in understanding your tax liability. · Helps in planning your investments better.