Many people have many questions in their minds regarding Income Tax Return (ITR). One such question is whether housewives should also file income tax returns. Today we will tell you some such benefits of filing ITR, after knowing which even housewives, unemployed or non-earning people will file income tax returns.
Are you also a housewife and do not file Income Tax Return (ITR) due to zero income? Then you must know about the benefits of filing ITR. After knowing which, you will also start filing your income tax return. The last date for filing ITR 2025 has been extended by CBDT to 15 September 2025.
Can file zero return
There are many people who file income tax return even if they have zero income in the financial year. Whether they are a student, unemployed or a housewife. Such people can file nil return or zero return.
What is zero return?
Before knowing the benefits of filing zero return, it is important to know what it is. Zero return is when a taxpayer files a return even after not having any income in the financial year. Taxpayers whose total income is within the taxable limit can also file zero return. Although such people are not required to file returns under the Income Tax Act, but if they file, they get some benefits.
These are the benefits
Loan is easily available
Banks easily give loans to such taxpayers who file income tax returns regularly. Even if you file zero return, banks ask for 3 years of ITR proof. If the housewife also files income tax return, she can take a joint loan.
Benefit of tax refund
If there is a bank deposit or FD in the name of the wife, then it is necessary to file income tax return to get refund of TDS deducted on its interest.
Visa or credit card
If you file zero return, then it becomes easier to apply for credit card or visa. Income tax return is considered as your income proof.
