Why you should file your income tax return by July 31, 2016

Why you should file your income tax return by July 31, 2016

While you can file your personal income tax return even after the due date, July 31, 2016 but you would lose certain benefits if you do so.

The due date for filing income tax return for individuals-July 31 - 2016 - is fast approaching but several people think that if one has paid all one's taxes there is no adverse 

consequence even if one misses the tax return filing deadline. However, this is not correct. Even if all your taxes have been paid you would still lose out on certain benefits if you do not file your income tax return by the due date.  

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