Unlock ITR benefits: Refunds, loans, visas for low/zero tax filers.

personal-finance
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News18•06/12/2025
Unlock ITR benefits: Refunds, loans, visas for low/zero tax filers.
- •Filing an Income Tax Return (ITR) is beneficial even for those with low or zero taxable income, strengthening financial profiles.
- •ITR allows you to claim refunds for Tax Deducted at Source (TDS) and carry forward losses from investments or business to reduce future tax liabilities.
- •Regular ITR filing improves your credit profile, leading to easier approval for loans (home, car, personal) and potentially better interest rates.
- •ITR serves as crucial proof of financial stability for foreign travel and visa applications to countries like the US, UK, and Canada, streamlining the process.
Why It Matters: Filing ITR offers crucial financial benefits and stability, even with no tax.
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