Web Analytics
Answered

Which of these can be listed as benefits of filing your tax return online?


I. Allows you to claim a larger number of deductions

II. Allows for faster receipt of any refunds due

III. Allows for greater accuracy when filing


a.

I and II

b.

III only

c.

II and III

d.

I, II, and III

Verified Answer :

Answer:  Option 'c' is correct.

Step-by-step explanation:

Advantages of filling tax return online:

1) It allows for greater accuracy when filling as online system is faster in updating and verifying the details of individual.

2) It allows for faster receipt of any refund due as it gives you print pdf of receipt of any refund due , don't need to go and make a queue to pay the bills or to get refund.

Hence, II and III are correct.

Therefore, Option 'c' is correct.

Answer:

Option c is correct

Step-by-step explanation:

For online filing of transactions, instead of filling up manually and sending by courier or post, the entries are filled up online in computers and uploaded

Since the deductions will not differ whether manual or online, I cannot be true. i.e. because of online filing we cannot claim a larger number of deductions.

But other options are true.

By online filing, we get immediate acknowledgement with verifications and hence can assess the refund due

Also accuracy is more since every step is checked simultaneously while filling up.

Hence ii and iii are right.

i.e. Option c is right.

Related Questions