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

  Filing your Income Tax Return (ITR) is not just a legal formality—it’s a smart financial decision, especially if TDS (Tax Deducted at Source) has been deducted from your income. Whether you're a salaried employee, a freelancer, or a small business owner, timely income tax return filing helps you stay compliant, avoid penalties, and claim any eligible refunds. At Rapid Taxo , we provide complete ITR filing with expert TDS help —100% online, affordable, and with full expert support. Why You Should File Your ITR Before the Deadline The tax filing deadline 2025 in India is 31st July 2025 for most individuals. Filing before the deadline can help you: Claim a TDS refund quickly Avoid late fees or penalties Keep your financial records updated Simplify loan and visa applications Even if your income is below the taxable limit, filing your ITR adds to your financial credibility. Who Should File ITR? You should file your return if: TDS is deducted from your salary, payments, or bank int...

  If you’re a trader dealing in Futures & Options (F&O) and faced losses this financial year, filing your Income Tax Return (ITR) is not optional — it’s absolutely essential . Many traders think, “Agar profit nahi hua toh ITR file karne ka kya fayda?” But here’s the truth: Even if you made a loss in F&O, filing your ITR can save you lakhs in the future. Let’s understand how. What Happens When You Don’t File ITR After F&O Loss? The Income Tax Department allows you to carry forward your F&O losses for up to 8 years — but only if you file your ITR before the due date . 🔴 Missed filing? You lose the right to carry forward the loss. In short: No ITR = Your loss becomes zero in the eyes of the IT department. You won’t be able to adjust this loss against future profits , which means you'll pay more tax later . Why Carry Forward is So Important for Traders Imagine this: In FY 2024-25, you made a loss of ₹3,00,000 in F&O. In FY 2025-26, you made a profit of ₹5,00...