Personal Finance 5 benefits of ITR filing you should know Updated : October 19, 2020 08:56 PM IST Income Tax Return (ITR) filing is an annual activity seen as a duty of every responsible citizen of the nation. A person can claim the refund of the excess tax paid/deducted during a financial year by filing an ITR for that year. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.