H&R Block Encourages People to File Early and Reap BenefitsMay 10 2016,
PUNE, India, May 10, 2016/PRNewswire/ -- H&R Block India Pvt. Ltd. subsidiary of the global leader in tax preparation and the largest individual tax services company, has already started e-filing returns for the year ended 31st March 2016 i.e. FY 2015-16. One of the biggest player in the tax filing service industry for individuals, H&R Block always strives to simplify taxes for the common man and create awareness on tax filing as a duty of every responsible citizen of India.
Last fiscal year a little over 4 crore people filed their income tax returns in India. A mere 3.2% of the total population of India files taxes. H&R Block clarified that the Income Tax department has released the ITR forms early this year signifying their intentions to avoid any extensions in time limits. Individuals should hence plan to file sooner rather than later.
Generally, employers release the Form 16 for employees in the month of May but employees think of filing only when the due date is near or even on the due date to file taxes which is 31st July. Filing early has a lot of benefits attached to it like faster processing of refunds, ample time to make sure that you collect all documentation and do not make mistakes and also, revising the returns in case of mistakes.
Source: India Today
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