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Benefits Behind Filing Your ITR

Have you ever wondered why you should file an ITR or what benefits a salaried employee could inculcate from it? Well, Income tax is the annual tax one generates against the salary earned in a financial year, and we are here to introduce you to the reasons why even if you fall or don’t fall under the category of ITR filing, you should file it, because it is not only an important document, but it inculcates various benefits:

  • Hassle-free loan processing
    Does not include mortgage but ITR filing results in proof of your income statement and henceforth is recognized by the lenders, which makes it an important and beneficial document to make the loan process hassle-free.

  • Refunds
    If your total taxable income is less than the basic exemption and you have zero tax liability for that year but the tax has been deducted from you income, then filing the ITR will help you in claiming the TDS refund.

Read More : https://www.alankit.com/blog/benefits-behind-filing-your-itr
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