TaxBuddy vs Tax2Win: Exploring the Differences

It is important to thoroughly evaluate the services and features before selecting an online platform through which ITR filing services are to be availed.

TaxBuddy is an online ITR filing  destination that provides a variety of tax-related services. It offers services like ITR filing, GST filing, TDS filing, Tax Calculators, and Refund Tracking. TaxBuddy is India’s first automated tax filing and notice management online platform. On the other hand, Tax2Win is a platform that provides online return filing services.

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Table of Contents:

Difference between TaxBuddy vs Tax2Win

Most Asked Questions

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Difference between TaxBuddy vs Tax2Win

The following table compares the services provided by TaxBuddy vs Tax2Win:

The findings of the comparison between TaxBuddy vs Tax2Win are shared for your review. The final choice is yours. Who do you entrust to handle your ITR filing: TaxBuddy or Tax2Win?

Frequently Asked Questions

Q1. What is a TaxBuddy App?

TaxBuddy App is a mobile application which is available for free download in the mobile app store. Using the app, users can avail the ITR filing services of TaxBuddy. The entire ITR filing process can be completed using the mobile application.

Q2. Can a user be able to file ITR on his own with TaxBuddy?

TaxBuddy allows expert-assisted ITR filing until the previous financial year. However, beginning F.Y. 2023-2024, users will be able to file their ITRs on their own.

Q3. Can a user plan their taxes in advance, that is, before commencing the ITR filing with TaxBuddy?

Users can avail the option of Tax Planning DIY (Do It Yourself) of TaxBuddy and evaluate the tax liability on their own. The DIY tax planning facility is available for free to the users. This facility allows the user to plan their taxes on their own, independent of ITR filing services of TaxBuddy.

Q4. What distinguishes TaxBuddy from other online ITR filing platforms?

The turnaround time (TAT) for completing the ITR with TaxBuddy is 24 hours or less, which is its eminent feature. Moreover, if the user has already filed the ITR, that is, the existing user can avail the service of Notice Management and Revised ITR filing  free of charge.

Q5. Is TaxBuddy suitable for freelancers and independent contractors?

Yes, TaxBuddy is well-equipped to handle the specific requirements of freelancers and independent contractors. Our platform provides for consolidation of different sources of income, including client payments, and can also offer suggestions related to deductions that self-employed professionals can claim. TaxBuddy ensures that freelancers manage their tax efficiently and maximize the eligible tax deductions.

Q6. Does TaxBuddy help in filing returns having foreign-sourced employment income?

Yes. TaxBuddy guides people with income from foreign sources, be it foreign dividends, rental income from overseas properties, or freelance income from international sources. TaxBuddy’s platform ensures that a user reports such income appropriately and calculates any tax credits available under DTAA provisions associated with the same, enabling compliance of global income tax obligations.

Q7. How does TaxBuddy help optimize taxes for multiple sources of income?

TaxBuddy provides personalized tax-saving suggestions based on your different income streams and potential deductions available. Thereby ensuring you pay the minimum tax legally possible.

Q8. Does TaxBuddy handle senior citizens' tax-filing with multiple pensions and investments?

Yes, TaxBuddy is designed to assist senior citizens who normally have income from  pensions and investments. Our platform aids in consolidating such income streams, considers age-related tax benefits and deductions, and ensures that the tax filing process is as easy and beneficial as possible for senior taxpayers.

Q9. How does TaxBuddy support handling of notices from the Income Tax Department?

TaxBuddy offers full support for addressing notices from the Income Tax Department. If there is any notice for discrepancy or demand, then it shall help in understanding the problem, prepare documents required to be submitted, and make proper and timely responses so that everything gets resolved efficiently.