Filing Income Tax becomes easy
By: Sheena Tandon on Thursday, August 21, 2008, 01:17:51 PM
2 Reponses

Income Tax is not a very popular term among the common people, especially among the people who fall into the category of affluent businessmen, entrepreneurs or rich sole proprietors. It is because nobody can afford to pay income tax on the money which they have earned after working do hard for earning it. Also the process of filing Income Tax return is quite laborious, and quite taxing. But still there are people who neglects the importance of filing income tax returns. Income tax is paid to the government, so that the government could fund the plans of welfare and improvement of infrastructure. Delhi, our capital is hosting CommonWealth games 2010, and keeping it in mind, the role of income tax becomes more important.

But still people don't give much importance to it. Since for them filing Income Tax return, is a tiring job. You have to run here and there to get all the necessary documents arranged, fill the forms and then submit it. This worst part of this process is that you have to spent so much of your precious time that ultimately, it is you and your work that suffers. Moreover you have to spend money over needless things and formalities (such as paying to chartered accountants for helping in filing the return). Also there is not many significant motivating factors that could encourage people to file returns (such as tax exemptions or any other types of benefits). All though the government is trying their best to reform the whole Income Tax filing process. They are trying to help people by declaring the date of filing returns in quite advance and then later on advertising about it on TV and other mediums. Sometimes they even extend the dates for filing returns, so that people who have forgotten or due to some unfortunate circumstances have not filed the returns, could still make up for it. Government has also taken the initiative in this direction by organising a whole unit of Income Tax Preparers (ITP), who are there to help the person for filing the income tax returns. These days there are various websites, which are offering the services like e-filing to the people who are interested in filing their income tax returns Online. These services are highly convenient and absolutely free for every person.


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1 .  rajat ahuja Says:

Thursday, August 21, 2008 , 06:58:57 PM
Yes, at least now income tax filing is not so tiring a job. Especially due to the presence of e-tax filing sites


2 .  Rakesh Kumar Says:

Thursday, August 21, 2008 , 06:58:51 PM
nice topic

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