10 reasons for filing your Tax Returns on time

Tax as a part of retirement and financial planning is an important aspect of life, as the saying goes that only thing that is certain in one's life is death and taxes.
 

• As we may be occupied and overwhelmed by other priorities,  tax planning activity is in the back seat and we wait till last minute.
• In this rush of hours, we lose sight of effective tax planning.
   
• Approaching Expert advisor or chartered account in the last minute,  limits the scope of effective tax planning and creates unnecessary  tension.
• To be successful in getting timely tax refunds, it is necessary to present all the data on various incomes, expenditures and investments  and file your Income-Tax (I-T) returns on time.
   
• Filing I-T returns is  both legal and moral responsibility and offers dignity of consciously contributing to the development of the nation. 
• I-T returns substantiate your credit worthiness in order to access many financial benefits such as bank credits etc.from financial institutions.