Advantages of filing Income Tax Return in due time | Below are some of the benefits of filing income tax on time: (1) Easy loan approval Banks and other financial institutions often require a copy of your tax return when applying for a loan. Filing your return on time will make it easier to get loan approval. (2) Refund of TDS If you have overpaid TDS, you can claim a refund. If you register early, you will be refunded. 3) Proof of income and address Your income tax return can be used to prove and address…