Income Tax Help
Why file your Income Tax Return on Time or earlier than due date? Here is a number of the most appealing benefits to file your Income Tax Returns on time. Q.1. Mr. Singla… is it help in Faster refund process: Ans: You are very right! The refund of tax is processed on a “first come first serve” basis. This means if you file your return early, your refund will be processed earlier than those who wait till the end. So why wait till the last day to file your returns? Q2. Singla sir, is it help in Review and Revise your ITR: Ans: Yes .. you are absolutely right.. sometimes we all have been in that situation where we make a mistake in ITR and find about it later. Filing return early makes sure that you get enough time to review all the details. However, those who are unable to avoid silly mistakes, the department gives you time to revise and re-revise your ITR, although this is possible only if your file your return within the time-frame of due date. Q3 . Sir.. ...