Friday 29 July 2016

Why file your income tax return

As citizens of our wonderful country, most of us are guilty of a favorite pastime known commonly as “criticizing the government of the day”. Every pothole we see on the road brings forth a tirade on the inefficiency of the powers that be. Whether it is shortage of water, power outages or any other civic mess, most of us armchair critics just love to hold forth on how things should be run.

Most of us may be guilty of the above but there is one thing those of us who file our income tax returns ought to be proud of, and that is our contribution to the cost of infrastructure and welfare  of our country. There was a time when the annual filing of income tax returns was a big headache and the Income Tax Department a big Bogey Bear. The scene has thankfully undergone a sea change now.

The whole system has become so user-friendly that now income tax returns can be filed without stress, without tension and happily especially with the e-filing option now available. So “I’m taking the #Tax Pledge to file IT returns with the easy Income Tax e-filing option from H&R Block at BlogAdda”. With a smile on my face and a tune on my lips, I intend to e-file my return much before the deadline of 31st July 2016 with the ease provided by H&R Block. I would suggest that this advice be followed by all Tax Payers for if you wait till the last minute to file your returns, the network will be as jammed as it is when we try to send greetings on festive days.




Enough about how now lets go to the whys of submitting returns. We know that you are required to submit your ITR only if your income exceeds------ in a financial year. If it does, do not be chary of filing your return thinking that it is too much of a hassle-instead with experts like H&R Block to help, no one should hesitate even for a second to file their return but rather wear it as a badge of honor-you are in your small way contributing to the growth story of your country while at the same time are opening many doors for yourself which would otherwise have remained close on your face: getting loans because your ITR shows your repaying capacity. If travelling abroad your ITR comes in useful to prove that you can finance your trip. Wanting a vehicle loan? Once again your ITR proves helpful! Besides these there are umpteen other ways in which your ITR will smoothen your life and give wings to your dreams. So, go ahead, connect with H&R Block and file your return.