Benefits of Income Tax Return Filing-1 | ITR-1

Filing Income Tax Return (ITR-1) in India offers several benefits for individual taxpayers. From ensuring legal compliance and claiming tax refunds to facilitating loan approvals and enhancing financial credibility, learn about the essential advantages of timely and accurate ITR-1 filing. Explore why filing ITR-1 is crucial for financial planning, visa processing, and eligibility for government schemes, and how it simplifies carrying forward losses for future tax benefits.