Tax Filing in Digital Age

Income tax is the tax paid from our own income to the government every year. It is moral duty of each individual to file the income returns as per government deadline and be a good citizen. Filing income tax returns helps in loan processing in easy way and it is also mandatory to file if you want to apply for visa. In certain cases related to property or court order, tax return of last three years has to be submitted. Filing returns also help to show your legal income data as required by the company or for other official purpose. You file tax to get refund back sometimes in form of extra rebate.

Filing returns and tax improves your credibility and value in the market when it comes to check your financial background and trust. Banks do give preference to such people who file the returns on time when giving home or education loan. This is the advantage to all of us but the real benefits are much bigger when comes to filing the tax. It is directly related to funding financial need of the government. Our government has to cater money for social welfare activities and infrastructure development. Our country is constantly under threat from foreign invaders and terrorism. As a result we need to buy arms and weapons to modernize our systems and provide defence with best upgraded fleet of military vehicles and fighter jets. This all need huge amount of money but needed by the government. We also see that farmer suicide and natural calamities do happen which is loss of human life. In such cases we need to support such areas which are possible if all citizens pay taxes and income tax if you have financial income source.

Efiling income tax return is easy way to file IT returns. It can do online and requires very few minutes and saves time. This filing of tax return comes under IT Act and laws set up by the government.

I’m taking the #TaxPledge to file IT returns with the easy Income Tax efiling option from H&R Block at BlogAdda.

Tax Simplified

Income tax payment is no more the same as it used to be few years back. Payment system has gone through changes and we have facility to efiling the income tax. Income tax new process is still not known to all and people still try to file through the papers which take up even whole day and cost money too. It is sometimes even difficult to trace the records as papers may get lost. Efiling advantage is that you can get your refund back after filing the tax at a much faster pace than compared to filing it manually. It is few days to go as July is deadline to pay taxes and we must to adhere to government regulations.

There are so many instances where we read in newspaper or hear about raids or scrutiny done by the IT department as they check each and every corner to unearth the black money. This problem will not come if we show them the income tax filing papers on time and satisfy them. You must also pay taxes as it your duty and moral responsibility. No one should ask or force you to do the same. India is one of the largest populated country and we must pay our dues so that government can generate revenue to build roads and public transport system. There is still need of lot of development and work to be done so that we can match the international standards and able to modify the old systems. Our government is constantly working in modernisation of railways and transport. It is trying to match up with common man expectations. Income tax paid will help you feel relaxed and you can feel proud of it. Another point to pay income tax is that banks process the home or car loan which is dream for many people only after checking your documents and one of them includes income tax return. They usually check if tax returns are filed for at least two years or more before taking any decision.

I’m taking the #TaxPledge to file IT returns with the easy Income Tax efiling option from H&R Block at BlogAdda.