The last date for filing ITR is 15th September. If the taxpayer files after this, he may have to pay a heavy penalty. Therefore, everyone has started filing ITR from now on to avoid the trouble in the end.
In such a situation, many questions related to ITR arise. One of these questions is whether a housewife should file ITR and what its benefits are.
Should a housewife file ITR?
According to the Income Tax rules, any person whose income does not come under the tax bracket or who does not earn income can file an ITR. This is called a zero return filing. Because in this we file ITR on zero income.
At the same time, there are also such taxpayers whose income does not fall under the tax bracket. If such taxpayers file an ITR, then it is also called a zero return. Now, let us know what the benefits of filing a zero return are.
Getting a loan is easy.
This habit of yours can make it easy to get a loan. Because at the time of the loan, the bank sees how capable the borrower is of repaying the loan. At the time of taking a loan in many banks, ITR filing for the last three years is required. In such a situation, filing ITR becomes necessary.
You and your husband may apply for a joint loan together. In such a situation, your filing of ITR can be a green signal for the bank people.
Ease in getting TDS
Now, if you have opened an FD from your wife's bank account, you have to pay TDS on its interest. Or if you have to pay TDS in any way in the name of your wife, then in such a situation, filing ITR becomes important.
While applying for a credit card
It is possible that you may need a credit card, or your husband wants to get a credit card in your name, then in such a situation, you can show ITR filing for income proof. In this way, ITR filing becomes necessary for housewives also.
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