ITR made easy with H&R Block

The end of financial year and the accountants are busy working hard day and night, with the financial figures. As April arrives, we, the salaried class, receive the Form 16 from the employer reminding us to pay our tax religiously by 30th June. But most of them have a lot of confusion or misinterpretation on the savings in each category say 80D, 80DD, bank interests, other sources of income such as rent, or any kind of loans for rebate. When the Form 16 is issued, we must ensure that all the savings made during the financial year are being reflected or if anything has been missed it should be entered while filing ITR returns. 

Most of the folks, be it salaried or business, do not realise the importance of filing the tax returns and ignore whilst it is our duty to duly file before the last date. It is not just about filing for tax withheld, filing on time helps us in applying bank loans of all kinds not just the housing loan. Also, tax filing on time has been much appreciated by other countries. When we apply for work visas, it indicates a positive note on the visa application and most information is shared amongst all the countries. 

While filing for Income Tax Return, we are solely responsible for the accuracy of the information we provide to the IT Department. Any false information or unknowing incorrect information would land us in trouble. IT Dept had launched the website few years ago providing all the useful FAQs and online lodgement of returns is much easier now. If you still don't understand the flow of filing the tax, the best way is to approach a trustworthy tax consultant such as H&R Block who provide online service and would do it on your behalf hassle free. It would save your time commuting to tax office or consultant.

"A fine is a tax for doing something wrong. A tax is a fine for doing something right." ~Author Unknown


I’m taking the #TaxPledge to file IT returns with the easy Income Tax efiling option from H&R Block at BlogAdda.

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