For most of us, filing our income tax returns involves paying someone else to do that for us. The most common reason: “Oh. But I don’t know how to.” Filing income tax returns is pretty straightforward — all it requires is a little bit of reading and the right documents. The software (another one) handles all the complexity.
Give it a shot this year. File your income tax returns on your own. The learning is priceless.
Tip Tuesdays is my initiative to share practical personal finance tips — every Tuesday. I’d be delighted if you could share a tip or two from your own experiences. Drop a comment to submit your tip. And, as always, do spread the word if you find this useful.
Further reading:
- Tip Tuesdays: Why You Should File Your Income Tax Returns Every Year?
- Tip Tuesdays: How to Find the Ward and Circle Number for Filing Your Income Tax Returns?
- Tip Tuesdays: Before You Submit Your Proofs of Investment or Expense for Income Tax Savings, Make a Photocopy of All Your Receipts
- Ask the Readers: How Can I Get a [Duplicate] Copy of My Acknowledged Income Tax Returns?
- Tip Tuesdays: Investing Just to Avoid Paying Income Tax is a Really Bad Idea
{ 2 comments… read them below or add one }
In singapore, we are supposed to file our own tax, which includes calculating our tax returns and submitting the information online :-), Don’t you think that is really cool?, it saves us a lot of time as govt sends sms or emails to all its residents reminding them about the due date and the website with all the forms attached, a very efficient way of managing things. I am not sure if India has the same procedure of filing income tax returns online.
Tax in India?? does it have a branded profit included in it??