Income Tax Returns

Tap to Read ➤ Why Students Should File for Income Tax Returns? Nisha Yadav

An unmarried dependent student MUST file a tax return if his or her earned or unearned income exceeds certain limits.

Inculcates Habit of Savings & Investment Saving money can help you pay for large purchases,, reduce your financial stress, and provide you with independent sense regarding financial freedom.

ITR Proof ITR Proof can be used during Vissa processing Most Embassies are very specific about tax compliance thus, they ask you to furnish past ITR receipts.

Students who just turned 18 can file to claim for tax deductions under section 80C, 80E, 80G. Claiming Deductions

If you file your ITR from the time you turn 18, getting any loan in the future would become much easier for you. It shows your reliability. Ease in Loan Approvals

Address Proof Filing an ITR from the time you turn 18, will help you as your address proof.

If you file your ITR from the time you turn 18, later your credit card processing would become hassle free. CREDIT CARD

Refunds If TDS has been cut the student will have to file the ITR to claim refund of the same.

Income Proof ITR receipts serves as the only proof of income and tax payment for the self-employed.

Students can receive tax free gifts from parents and invest in their own name. TAX FEE GIFTS

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