Some men or housewives do not even consider it necessary to file Income Tax Returns, assuming that they have no income.  Even though housewives filing returns are not mandatory, there are many benefits of filing income tax in some cases.  If there is income tax, it does not mean that some tax has to be paid along with it.  If the difference between filing the return and paying tax does not come under the net of income or the income is zero, then he can also file an income tax return.  A statement of your income in a written form is called Income Tax Return.  is annual.  If a person gives taxable details to the government in writing, then it is called Income Tax Return.

1 Loan will work: - 

Housewives who have zero income and want to start their business, if they file tax returns, then it becomes easy for them to take a personal loan, car loan or business loan, etc.  But most private banks and financial institutions are required to provide a copy of the return papers of the last 1-3 years to assess the loan eligibility and determine the interest rate for the loan.  

2 For tax refund:-

 100 If you do not come within the prescribed limit of income tax and despite this tax at source (TDS) is deducted from the income received on the amount deposited in the bank, share dividend, etc., then withdraw that money.  You can file your ITR for that financial year.  If a refund is made, it is directly credited to the bank account.  
 

3 Visa Application:-

 The income tax return also helps in getting the visa.  ITR for the last 2-3 years has to be submitted along with the application.  It tells the concerned officer that the applicant is a law-abiding citizen and has sufficient assets to return to the country with the financial means to complete the journey.  Although it is not mandatory it makes the process easier. 

 4 Road accident insurance: -

 In case of accidental death in a road accident, the government gives compensation of 10 times the average income of three years to the family of the woman, for which the income of the deceased should be proof.  Filing of tax return is the proof of income for everyone.  Hence any housewife who has been filing tax returns for the last three years can get an accident claim.
 

5 Sale of capital assets:- 

Capital assets like land, house, shares etc. can be invested in the name of the housewife.  Gains after selling these investments are taxable on capital gains based on tax rules like total income and holding period etc.  There is a provision of 100 to 300 percent fine for suppressing the actual income by providing incomplete, incorrect information or by not filling the tax return.