Filing Your IT Returns- As Important as Having your Breakfast
Ever wondered why there are numerous infomercials on the benefits of filing your income tax returns on time? It is to let us know the importance it has assumed in the past few years, thanks to the advent of rating agencies for evaluating the credit worthiness of an individual. Also, it would be an immense advantage if one were to file their Income Tax Returns on time at the end of every financial year. Just imagine the fact that you are fulfilling your responsibility towards the financial health of your nation. Just one man cannot turn the face of the country’s financial health. Agreed. But little drops make an ocean. Forget the percentage of the elite who are all about evading this very concept; it is us who can decide ultimately and as a conscious citizen, it is our responsibility to do so.
Furthermore, the scenario of filing income tax is not as complex as it were earlier. In days of yore (pun intended), you were to get a hand-written Form 16 of your Income Tax on the tax deducted at source, and take it to a cobweb-spawn office and stare at an old employee, waiting to retire peacefully, to get an acknowledgement of your returns. And worse, if excess tax has been deducted at source, you will have to file for a refund which will give you an uncertainty even death cannot provide. Flip to today’s scenario, where everything is achieved at the click of a mouse button. The Income Tax Department has launched their very own website to file your Income Tax returns just by entering your details online. Furthermore, there are independent agencies that offer a convenient filing experience just for a very nominal fee. Take for example an e-filing platform called H&R Block, filing your returns feels like a breeze.
Our country is not a different entity. It is ours and it is our responsibility to make it better. Ask what you have done to the country before questioning what the country has done for you. Our humble gesture is intended to foster the habit of filing your IT returns, what with all sorts of simplified means available just a stone’s throw away.