Income Tax Return Benefit

For accidental claim in third party Insurance 

Life is uncertain, it is a rare advantage of filing ITR every year. If this income does not touch the worthwhile limit or crosses it does not worry if you file your own or spouse's ITR, just because the CA / lawyer is your neighbor or a very nominal fee It is alleged that it can help you in the future in case of death of accident during any member / road accident,Because the insurance company requires proof of income to arrive at the amount of accidental claim during the court hearing, if any refund is unavailable, mainly in the last 3 years, this claim can reduce the amount or any Can not claim because the court takes ITR as evidence only. In terms of law, no wealth record, FD, business etc. has been given much importance than ITR The formula for claiming is to multiply the annual income in ITR by the number of years of the expected life of the deceased. Therefore, thanks to the next time your tax professional reminds you about filing regular returns every year.

For immigration profile obtaining visa outside India, 

This is another benefit of filing your ITR routinely. There is a record of many fake documents in various commissions of various countries or VFS centers across India, in which visa applicants are one of the income tax returns. Why, because the travel agent fuels it or sometimes charges it as a regular income tax return by charging huge money. Every taxpayer should provide real returns if the intention to go to the future is to be considered. Show all your original source of recovery, because immigration officials give you fitness due to your annual income. Visitors, investors or work permit categories can reduce your chances of foreign visa.

For eligibility in all Loan cases from Banks

Making a payment to customers in the form of a bank loan, CC limit or a project funding is a private or nationalization service of all banks. Income tax return in the last three years is a basic necessity other than agricultural limit; second pen is checked on CIBIL's website if no individual or corporate board is a defaulter in any previous bank. CIBIL score plays an important role in the loan application process Because this agency keeps a record of your installment payment nature, because it gives your bank a score that is needed for the special approval of the loan case. Therefore, according to the Supreme Court's order, recovery of all the loans is banned, especially in car loans, by the bank no forcefully occupied. CIBIL Blacklisting such a customer for all future loans across India, based on the pen card number allocated to this type of loan defaulter.

For obtaining Govt tenders, registration on panels

As mentioned in the previous one stage, the value of various corporate agencies, contractors, professional service providers or individuals 'professions' profiles is based on the annual income tax return .Sometimes contractors have a good experience of buying heavy projects in their line, service or works contract, but they have to file returns on time. Has a lack of knowledge or benefits or sometimes realistic provisions ( Ie convicted compensation) For contractors, this compensation is not required to be entered in time only, but very accurate, and audit should be (if necessary), with the necessary documents because tender-approved meetings or finalization of professional panels, the selection organization There are several options to complete the tender in favor of the right one. Sometimes this work has been tested by the Tender Check Committee and five to seven years of ITR is considered to be seen Whether the applicant has worked in the amount of the amount before or after, in order to increase the horizon of your business in the coming days and to get more tender from the government or private organizations, it is necessary to file regular returns each year.