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✅ Even if you don’t earn anything or have income which below min income applicable for taxation, file your ITR because it has lots of benefits associated
1️⃣ Easier to get VISA for abroad. This year 97,000 visa applications were rejected, having an ITR will enhance your chances of getting the VISA ✅
2️⃣ Getting Loans and Credit Cards get much easier, why? Because your ITR works as a valid Income Proof for the Bank, authenticated by Government of India. It will help in correctly assessing your loan application.
3️⃣ Get TDS refund from your salary and investments
4️⃣ Helps in getting Scholarships: The main criteria of judging someone if they need the scholarships os through verifying the income. So if you submit your ITR along with your parents’, it will verify that you are the one who needs this scholarship more than other students.
5️⃣ ITR works as legal ID proof, address proof and Income proof
6️⃣ If you have suffered Stockmarket losses and want to carry it forward to next year, filing ITR is mandatory.
#incometaxreturn #incometax #incometaxindia | Posted on 24/Jul/2023 16:39:04
