{"id":11451,"date":"2021-06-28T14:49:35","date_gmt":"2021-06-28T09:19:35","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=11451"},"modified":"2021-09-06T13:02:22","modified_gmt":"2021-09-06T07:32:22","slug":"income-tax-return-2021","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/income-tax-return-2021\/","title":{"rendered":"Importance Of Filing Income Tax Return"},"content":{"rendered":"\n<p>The Income Tax filing season has started. This year, the government has launched a new e-filing portal to make tax filing easy for all categories of taxpayers. As income tax can be a significant portion of your income, it is very natural to think about the benefits of income tax return for the taxpayers. If you are wondering the same, here are some benefits you should know about.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Importance Of Filing ITR &amp; Documents Required To File ITR - Friday First Cut Episode 28\" width=\"940\" height=\"529\" src=\"https:\/\/www.youtube.com\/embed\/HxUBxPJrR3I?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen class=\"no-lazyload\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><br><strong>Mandatory to file Income Tax Return (ITR) if annual income above basic exemption limit <\/strong><\/p>\n\n\n\n<p>Below 60 yrs = 2.5 lakhs <\/p>\n\n\n\n<p>B\/w 60yrs to 80 years = 3 lakhs <\/p>\n\n\n\n<p>Above 80 yrs = 5 lakhs <\/p>\n\n\n<style>#uid-d58bcc87e2540886  .heading h2 {\n\tline-height: 1.6em;\n\tfont-weight: 400;\n}\n<\/style><div class=\"gutenberg-solo-block--wrapper gutenberg-solo-blocks--heading  gutenberg-blog-solo-heading\" id=\"uid-d58bcc87e2540886\" data-solo-block=\"heading\">\t\t<div class=\"heading\">\r\n\t\t\t<h2>File your returns to avoid penalties and penal interest File Income Tax Return even if TDS has been deducted<\/h2>\t\t<\/div>\r\n\t\t<\/div>\n\n\n<p><strong> A) Reasons to file ITR<\/strong><\/p>\n\n\n\n<p>1.Applying for Loans <\/p>\n\n\n\n<p>2.Visa Application <\/p>\n\n\n\n<p>3.Carry forward of losses <\/p>\n\n\n\n<p>4.To claim refund <\/p>\n\n\n\n<p><strong>B) Documents required to file Income Tax Return <\/strong><\/p>\n\n\n\n<p>1.PAN Card <\/p>\n\n\n\n<p>2. Aadhaar Card <\/p>\n\n\n\n<p>3.Form -16 <\/p>\n\n\n\n<p>4.Form 26AS <\/p>\n\n\n\n<p>5.Tax Saving Investment Proofs <\/p>\n\n\n\n<p>6.Bank Account details <\/p>\n\n\n\n<p>Related Article: <a href=\"https:\/\/www.fintoo.in\/blog\/how-to-find-out-which-itr-form-to-fill\/\">How To Find Out Which ITR Form To Fill?<\/a><\/p>\n\n\n\n<p>Start e-Filing Fill in the details and our Income Tax Filing experts will get in touch with you. Hassle-Free Online Income Tax Return Filing with Fintoo! visit &#8211; <a href=\"https:\/\/www.youtube.com\/redirect?event=video_description&amp;redir_token=QUFFLUhqa0tXcXVkNTRVRjRET1BJbklzZlRJeXRZSGE1Z3xBQ3Jtc0tsczBveC0tVGhjQVpIMF9pcUhJd1EzT1l6eTFyV2tvMXZBZ3I1b2lsN0NBTUJzWU5sYUtadEY5VkJMNHNMTHlFb05ZcWxpenhtN25fNHo0bEVYSFBuVjBVY3pfelFwV29mYW5CaEc3Y2RBSU9iblN3Zw&amp;q=https%3A%2F%2Fbit.ly%2F3gUwIS3\" rel=\"noreferrer noopener\" target=\"_blank\">https:\/\/bit.ly\/3gUwIS3<\/a> <\/p>\n\n\n\n<p> To get started with personalized Automated financial planning visit &#8211; <a href=\"https:\/\/www.youtube.com\/redirect?event=video_description&amp;redir_token=QUFFLUhqbUsxQmpYT3owbVcyNE5Pc0RLaWZDLWJBZ3l6QXxBQ3Jtc0ttRkNJek1TVEUtNk5IVXlraVVEZlJDdWJlaW9VbXJ1MmpIWHZhZHFmRllOaFB5c3lObExJLVpIeXdSQmZVVkFoNEoxUGsxN09UbFJRVnloT2pydVVpVzIwVC02Y2dzbjk4cGZZWjdUc2pBSXVHZFVxSQ&amp;q=http%3A%2F%2Fbit.ly%2FFinancial-Planning-Tool\" rel=\"noreferrer noopener\" target=\"_blank\">http:\/\/bit.ly\/Financial-Planning-Tool<\/a> <\/p>\n\n\n\n<p><strong>Disclaimer:<\/strong> The views shared in blogs are based on personal opinion and does not endorse the company\u2019s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the sole decision of the investor and the company or any of its communication cannot be held responsible for it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Income Tax filing season has started. This year, the government has launched a new e-filing portal to make tax filing easy for all categories of taxpayers. As income tax can be a significant portion of your income, it is very natural to think about the benefits of income tax return for the taxpayers. If [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[809],"tags":[1147,1148],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Importance Of Filing Income Tax Return - Fintoo Blog<\/title>\n<meta name=\"description\" content=\"The income tax return season has started. 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This year, the government has launched a new e-filing portal to make tax filing easy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.fintoo.in\/blog\/income-tax-return-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Fintoo Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fintooapp\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/fintooapp\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-28T09:19:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-06T07:32:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.fintoo.in\/blog\/wp-content\/uploads\/2021\/06\/youtube-thumbnail-episode-28.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"fintoo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@FintooApp\" \/>\n<meta name=\"twitter:site\" content=\"@FintooApp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"fintoo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.fintoo.in\/blog\/income-tax-return-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/income-tax-return-2021\/\"},\"author\":{\"name\":\"fintoo\",\"@id\":\"https:\/\/blog.fintoo.in\/blog\/#\/schema\/person\/80d83d5d650c11b0fffaf636bea491c3\"},\"headline\":\"Importance Of Filing Income Tax Return\",\"datePublished\":\"2021-06-28T09:19:35+00:00\",\"dateModified\":\"2021-09-06T07:32:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/income-tax-return-2021\/\"},\"wordCount\":272,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/income-tax-return-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.fintoo.in\/blog\/wp-content\/uploads\/2021\/06\/youtube-thumbnail-episode-28.jpg\",\"keywords\":[\"#itr\",\"#itr2021\"],\"articleSection\":[\"Friday First Cut\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blog.fintoo.in\/blog\/income-tax-return-2021\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.fintoo.in\/blog\/income-tax-return-2021\/\",\"url\":\"https:\/\/blog.fintoo.in\/blog\/income-tax-return-2021\/\",\"name\":\"Importance Of Filing Income Tax Return - Fintoo Blog\",\"isPartOf\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/income-tax-return-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blog.fintoo.in\/blog\/income-tax-return-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.fintoo.in\/blog\/wp-content\/uploads\/2021\/06\/youtube-thumbnail-episode-28.jpg\",\"datePublished\":\"2021-06-28T09:19:35+00:00\",\"dateModified\":\"2021-09-06T07:32:22+00:00\",\"description\":\"The income tax return season has started. 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This year, the government has launched a new e-filing portal to make tax filing easy for all categories of taxpayers. As income tax can be a significant portion of your income, it is very natural to think about the benefits of income tax return for the taxpayers. 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