Income Tax - IT Returns, e-Filing & Tax Slab for FY 2025-26

  Filing income tax and GST returns is a legal responsibility for every eligible individual and business in India. But for many, the process can feel complicated or time-consuming. With the help of trusted platforms like RapidTaxo, tax compliance becomes much simpler. Whether you're filing your Income Tax Return (ITR) for the financial year 2024–25 or submitting your GST returns as a business owner, this guide will walk you through everything you need to know. What is Income Tax Return Filing? Income tax return filing is the process of reporting your earnings, taxes paid, and deductions claimed during the financial year. This is important not only to comply with the law but also to ensure financial transparency. Filing your return helps in: Getting timely refunds, if eligible Avoiding penalties and interest for late filing Maintaining accurate records for loans, visas, or financial planning You can now file income tax return India online through authorized platforms, making th...

  Startups in India are the backbone of innovation and economic growth. Recognizing this, the Indian government introduced Section 80-IAC under the Income Tax Act to give DPIIT-recognized startups a powerful incentive— 100% income tax exemption for 3 consecutive financial years within their first 10 years of incorporation. In this blog, we explain the eligibility, benefits, and how to claim this tax relief—especially helpful for startups based in Karnataka and across India . ✅ What is Section 80-IAC? Section 80-IAC of the Income Tax Act allows eligible startups to claim 100% tax exemption on profits for any 3 consecutive years out of the first 10 years of incorporation. This benefit helps reduce the financial burden on early-stage startups, allowing them to focus on growth, innovation, and scalability. 🏢 Who is Eligible? To claim exemption under Section 80-IAC, your startup must meet the following conditions: Incorporation : Must be incorporated as a Private Limited Company ...