Impact of income tax return on indian economy

tax impact on economy

Filing Income Tax Returns (ITRs) ensures legal compliance, enables tax refunds, and supports financial credibility. ITRs act as income proof, aid in carrying forward losses, and assist in obtaining loans, visas, and government benefits. Timely ITR filing prevents penalties, helps secure insurance, startup funding, and government tenders, fostering financial stability. Why Filing ITRs is Important … Read more