Feb 193 min read

TaxBuddy vs MyITReturn: A Detailed Comparison

Updated: Jul 17

When choosing an online platform for ITR filing, it is critical to conduct an in-depth analysis with respect to the services offered and other functionalities of such platforms.

TaxBuddy is an online platform which helps you to file your ITR. It facilitates you to do a bunch of tax stuff like filing your income tax, GST, and TDS, and much more. TaxBuddy even offers tools to calculate your taxes and keep track of your refunds. On the other hand, MyITReturn also offers return filing services online.

Comparison between TaxBuddy vs MyITReturn

The comparative analysis of TaxBuddy and MyITReturn is presented in a tabular format as below:

We have shared our insights. The ultimate choice is yours. TaxBuddy or MyITReturn: Who do you trust with your numbers?

Frequently Asked Questions

Q1. What is the role of the Tax Expert in the ITR filing process of TaxBuddy?

The Tax Expert assists the taxpayer throughout the ITR filing process. From the start the Tax Expert gains the understanding of the income sources, investment information, and other details of the taxpayer pertaining to ITR filing. Based on the information obtained, the Tax Expert prepares and shares the tax computation with the taxpayer for approval. Only upon receiving the final approval, the ITR is filed.

Q2. Whether any support is provided by TaxBuddy after the ITR is filed?

Yes. The Tax Expert takes care of the user even after the ITR filing is completed. For instance, if a user receives any notice from the Income Tax Department, the Tax Expert ensures timely compliance of such notice with no additional costs.

Q3. What are the mediums through which TaxBuddy provides assistance to its customers or users?

TaxBuddy provides the assistance to the users via chat support, schedule a call facility, virtual meets, email, and mobile.

Q4. Does TaxBuddy provide services for filing revised ITR?

Yes. If a user wants to file revised ITR, he can opt for the said service of TaxBuddy. Revised ITR filing is assisted by a Tax Expert.

Q5. What services does TaxBuddy offer to freelancers and the self-employed?

TaxBuddy does support freelancers and self-employed workers. Its platform supports most types of self-employment income that include fees for consulting services, and business income. We are also able to provide tools that handle deductions unique to self-employment professionals, such as business expenses, home office deductions, or vehicle usage.

Q6. How does TaxBuddy ensure the security of my financial data during the ITR filing process?

TaxBuddy prioritizes the safety of your financial data through encryptions and highly efficient security procedures. Our goal is to make sure that your data is safely transmitted and stored, having the most stringent data protection mechanisms in place so as to provide you complete peace of mind while filing your taxes.

Q7. Are there services on TaxBuddy for NRIs?

Yes, TaxBuddy provides specialized services for NRIs looking to file their income tax returns in India. We understand clearly the specific tax implications for NRIs and work out customized solutions for income accrued or received in India, whether in terms of rental income, capital gains, or investment income.

Q8. Can I file previous years' ITR using TaxBuddy?

Yes, TaxBuddy files belated ITRs for previous years. Our platform enables you to prepare and submit late returns. Also, we have our tax experts who will help you sort out any issue regarding penalty or any complications involved in late filing.

Q9. How can TaxBuddy assist me during a tax audit?

If you are getting audited, tax experts at TaxBuddy will help walk you through the process, help you prepare all required documentation for the audit, and if required, represent before the tax authorities. We strive to make the audit process as seamless as possible.