Income Tax Filing

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Income Tax Filing

Income Tax filing is a mandatory process for individuals and businesses earning income above the taxable limit. Filing accurate and timely returns ensures compliance with tax laws and facilitates smooth financial transactions.

Documents Required for Income Tax Filing

PAN Card.
Aadhaar Card (mandatory for linking).
Form 16 (for salaried individuals).
Income proof (salary slips, rental income, business income, etc.).
Bank account statements.
Investment and deduction proofs (e.g., LIC, PPF, housing loan).

Benefits of Income Tax Filing

Compliance with legal obligations.
Easy access to loans and credit facilities.
Claiming refunds on excess tax paid.
Building financial credibility.

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