Filing ITR Here's Why You Should Also Declare Exempt Income

Hero Fincorp26 Feb, 2021Finance

The ITR is an account of your income and tax liability and is a crucial document. Benefits of filing an ITR are countless. It can help you avail loans, ensure faster visa processing, employing an insurance policy, availing income tax refund or employing a two wheeler loan. If you are freelancing, the ITR will prove to be a proof to your income. Tax experts recommend filing the return even if your income falls below the tax bracket.