Have these key documents readily available to streamline your Income Tax Return filing process:
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Income Tax Return serves as a legal document, providing proof of identity and income for various purposes, including obtaining an AADHAAR card.
Filing an income tax return allows you to claim deductions, reducing your tax burden. These deductions can be availed through investments and may include TDS (Tax Deducted at Source) and rebates.
Income tax returns are essential when applying for loans, demonstrating your financial credibility to lenders.