Income tax is the tax which government expects every citizen to pay from his income earned by him. Income is paid separately for every financial year. It is the tax which every law abiding citizen pays so that to be a responsible citizen. Income tax payment and its records or proof has many advantages in our daily life and working. We need income tax filing records when we are trying to apply to government notice or tender and it is one of the main document. Then career change or applying to certain post may also require you to show and send the IT proof records with your application. Income tax record may boost your career growth and give you edge over the other candidate when you want to chase your dream to get employment in foreign country or travelling for other reason like tourism or education. It is very much necessary to stay current and file the records every year as gap could create problem in future. Income tax records help in seeking loan approval and its issuance with few days and you can go ahead to achieve your goals and wishes easily.
We should not manipulate or hide facts related to income and be transparent and honest all time. There is no need to take pressure or stress which can be bad for your health by just hiding your income. We all know that tax officials have now got greater power and access from government to take action against the defaulter and search their home or office with notice. Technology has also helped the government to verify the records or transaction done by people online and there any one can be caught easily.
Income tax return also helps in building India and it is of national importance. Tax is used to contribute in growth of this nation and for keeping in pace to the current global conditions. All the expenses used by government for defence and infrastructure are possible if taxes are paid.
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