What are the benefits of filing Income Tax Return?

Claim Tax Refunds: Filing allows you to claim refunds if excess TDS (Tax Deducted at Source) was deducted.

Proof of Income: A filed return acts as proof of income, useful for loans and visa applications.

Avoid Penalties: Filing on time helps you avoid late fees and penalties imposed by the tax authorities.

Carry Forward Losses: You can carry forward business or capital losses to future years and offset them against future gains.

 Compliance: It ensures you're compliant with the law, avoiding legal issues or scrutiny from tax authorities.