Income tax returns is a topic which makes the tax payers, especially the salaried persons wary. ‘We do not understand anything about it.’ ‘Our tax is deducted at our office – TDS. Don’t you know?’ All these statements only speak of ignorance. We are earning our money through our hard labour. Shouldn’t we be aware of what income tax returns are? It is high time that we educate ourselves and file our income tax returns regularly. In today’s age of internet filing of income tax returns has become very easy. Just a click and your return will be filed. What’s more? You can do it yourself.
All of us speak of good governance. All of us want acche din. But shouldn’t we contribute towards bringing the acche din the good days. Yes we should. The easiest way to do it is to file income tax returns. Where from does the government get money? What is its source of income? Income tax is one of the main sources of income for the government. Where does this money collected from tax goes? It goes towards infrastructure projects and welfare schemes. You want smart cities right. Then file income tax returns. You want no poor to go to sleep without food, file income tax returns. Rise in income tax means rise growth of the national income.
Filing of income tax returns has personal benefits too. First of all it goes to show that you are an honest citizen and have nothing to hide. You can easily avail loans. Go to any bank or other financial institution and ask for loan. The first thing they will ask you is past income tax returns. So isn’t filing income tax returns beneficial to you? You want a visa to visit another country. Again you will be asked your income tax returns. Filing income tax returns will help you in improving your credit score.
How to file income tax returns? How much time do you spend on facebook and social media? I am sure the answer is couple of hours. If you can use computers, you can file your own returns within a few minutes. So please file the returns and help your country and yourselves.