1. Easy Loan Approval
Registration of ITR will help individuals, when they need to apply for a vehicle loan (2-wheeler or 4-wheeler), mortgages, etc. All major banks can request a copy of the tax return
2. Claim tax refund
If you have a refund for your income tax, you will need to submit a tax return to claim the refund.
3. Income and address of evidence
Income tax can be used as proof of income and address.
4. Quick Visa Processing
Most embassies and consulates must submit a copy of your tax return in the past two years when a visa application is submitted.
5. Forward your loss
If you sign up again within the due date, you will be able to claim losses over the next few years, which can be used to receive income from subsequent years.
6. Avoid penalties
If you have to return your tax return, you will not be entitled to tax, up to Rs.5,000.
7. Refer to and earn up to Rs. 3000
Refer and get Rs. 50 for all friends who managed e-files.