It return filing


This query is : Resolved 

27 August 2015 Please let me know what is the exact benefit of Income Tax Return Filing.?


Thanks

28 August 2015 Leave benefits aside. If u are liable to file an income tax return and you do not file such return, you will be liable to penalty.

Benefits:

1. Claim Refund, if any
2. Carry forward losses
3. It serves as an income proof in case you want to apply for a loan or even a VISA

24 September 2015 Sir,
One more Question,

Every Year we transfer Profit amount in Capital..Then i want to know wat is the benifit if my capital is more.


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