Why Income Tax Return Filing is Important?

Although submitting income tax returns (ITR) can be time-consuming, the advantages greatly exceed the short-term difficulty. ITR filing is required regardless of which category one falls into, even if it is voluntary for certain taxpayers and necessary for others, according to income tax laws.

Every responsible citizen of the nation has a social and moral obligation to file tax returns every year. The government examines the residents’ financial situation and level of spending. It offers a platform for people to request a refund after assessing the tax return.