ADVANTAGES OF ITR OF INCOME BELOW TAXABLE INCOME?
This query is : Resolved
04 August 2008
PLEASE EXPLAIN ME THE ADVANTAGES OF THE ITR FILED OF INCOME BELOW TAXABLE INCOME UNDER SEC 139(1).
04 August 2008
if you filled your tax return before 31/07/2008 then if any change in income or investment then you will filled revised return u/s 139(5) if you want any loans from banks they required your xerox copy of income tax returns then it is eassy to you for giving itr returns
04 August 2008
Sometimes, it may be possible that you have some transactions in your account involving heavy amounts, even then your income is below taxable. In that case, it is good to file an ITR, showing all particulars to avoid any future discrepancies. For loan purposes too, you eed ITR even if its below taxable.
07 November 2021
https://www.godigit.com/income-tax/benefits-of-filing-income-tax-return-itr
https://www.zeebiz.com/personal-finance/news-income-tax-return-filing-income-not-taxable-still-file-itr-for-these-5-benefits-160562
https://www.zeebiz.com/personal-finance/news-income-tax-return-filing-income-not-taxable-still-file-itr-for-these-5-benefits-160562
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