Friday 15 July 2016

Pay taxes for prosperity

I am a true Indian.I love everything about being Indian.I also file tax every year.I am a responsible citizen and I contribute to my nation's welfare every year by paying taxes on time. E-filling is compulsory only for income above Rs 5,00,000.It has bundle of benefits attached to it.I love traveling for leisure and business.I keep flying to International destinations so filling tax return is a must as the return document serves as a proof for my financial soundness.As an entrepreneur again my tax return do help me get loans as the banks require it,.having filed the ITR can help any individual like me while applying for a vehicle loan (two-wheeler or four-wheeler).All major banks can ask for a copy of tax returns.Additionally, showing a copy of ITR receipts also comes handy if your loan application is rejected or if you are not getting as much loan as you want.Even while applying for a housing loan many banks ask for ITR receipts. My return documents show my credibility to repay the loan taken from the bank.If you do not file returns, you will not be able to carry forward capital losses (short-term or long-term), if any, in a financial year to be adjusted against capital gains made in the subsequent years.In case of excess deductions e-filling helps me get a refund.One should always e-file the taxes on time in order to avoid paying any penalties.Paying taxes is for our benefit..We all aspire for a better India so everyone should become a responsible citizen and file their returns and pay taxes on time without fear and delays.Income tax is one of the sources of income for the Government, with which it funds infrastructure and welfare projects. It also is a barometer for progress, as rising income tax shows a corresponding growth in income.
I like to do everything fast and save time by e-shopping.From needle to air tickets I do everything online then why not pay taxes online too.e-filing platforms like H&R block have made my life more easy.Now filling tax returns online is very convenient.Fast processing.Time saving.

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

For that piece of mind

If I tell you that you can earn just by taking a #TaxPledge, you will think that I am joking. It is not a joke. Just take a tax pledge at Blogadda and earn that peace of mind  which always keeps eluding you.
The very word tax sends shivers down the spine. This should not be the case as all who earn an income are required to submit tax on that income. You may oppose this by saying that you have worked hard to earn this money so why should you be made to pay tax on it.
It is true that you have worked hard to earn it either by working in an office or running a business. You have complete right over this money.
Income tax is a mandatory feature set up by the government and every earning member is required to give this tax to the government. The tax that you pay is a very small fraction of your earning. Moreover this tax is used for the betterment of society.
The government needs funds to function effectively and it is we the public who has to come forward and help in the smooth functioning of the government. What we give as tax is given back to us in the form of better facilities.
We are a huge nation and for the development and advancement of our country we need to pay tax on our income. The government is just a body of people with the best interests of our country in their mind. The government needs money for the betterment of the people.
People are generally afraid of paying income tax as they do not clearly understand how to calculate the tax payable by them. This need not be a headache any more. The process can be done in a few clicks with e-filing platforms like H&R block
By paying your income tax you can proudly say that you are doing your bit for your country. This also makes you a responsible citizen of the country.
By paying income tax you can avail of certain advantages. Your income tax return helps you get that much needed loan and also that visa for travel abroad.
So do not delay and pay your tax so that your country may move forward on the path of prosperity.

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