A taxpayer might want to file a tax return because they want to ensure they pay necessary tax as when due.
What is a filing of tax return?
A tax return basically means the forms filed with the tax authority by a taxpayer that entails his/her income, expenses, tax information etc.
The filing of tax return allow the taxpayers to:
- calculate their tax liability
- schedule tax payments
- request refunds etc
However, a taxpayer might want to file a tax return even if they dont meet the minimum income requirement because they want to ensure they pay necessary tax as when due.
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