Every Year there is a new budget presented by the Government to indicate changes based on Macro economic factors. Changes in the budget affect each and every individual, entity who plans to lead a good financial life.
Likewise filing taxes is most times more beneficial than not, as it gives you two insignts;
1) Review of your personal financial year,
2) An ability to get focused and improve performance.
Most business owners, salaried professionals need to file their taxes to claim TDS which maybe deducted at source and because it is complulsory to file your taxes. TDS may in some cases be more than the actual tax liability. In these cases you must file your returns to get refunds and rebates for excessive taxes that may have been paid. You stand to lose if you dont file your taxes.