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Global work opportunities, overseas investments, and remote employment have made it common for Non Resident Indians to earn income across borders. In such situations, the same income can become taxable in both the country of residence and the country where it is earned, leading to double taxation and higher tax outflow. To prevent this, India has signed Double Taxation Avoidance Agreements with more than 100 countries, such as, US, UK, Australia, France, Canada, Germany, Hong

When it comes to tax planning, Section 80C of the Income Tax Act is one of the most valuable tools available to Indian taxpayers. It enables individuals and Hindu Undivided Families (HUFs) to reduce their taxable income by up to INR 1,50,000 per year through a variety of investments and expenses. By planning investments in financial assets like PPF, NSC, ELSS, and others, you can claim deductions up to Rs. 1.5 lakh under Section 80C, effectively reducing your taxable income.

Section 80G donation mismatches have become one of the most common reasons for automated income tax notices. With mandatory reporting through Form 10BD by charitable institutions, even genuine donations can be disallowed if the data does not match the taxpayer’s ITR. Missing Form 10BE, incorrect PAN details, invalid registration status of the trust, or wrong reporting under Schedule 80G often trigger notices during processing. These mismatches usually surface through Section

Ex-parte income tax orders are often passed when statutory notices go unanswered, leading to best-judgment assessments with heavy tax demands. In many cases, these orders arise not from deliberate default but from missed portal notices, outdated contact details, or procedural lapses in faceless assessments. Indian courts and CBDT instructions increasingly stress natural justice and effective opportunity before passing such orders. This opens clear legal routes to challenge, r

Income tax notices often request specific documents to verify income details, TDS credits, or high-value transactions. A structured checklist helps compile the correct proofs quickly and reduces the risk of penalties. The first step is understanding what the notice seeks, followed by gathering documents such as Form 16, bank statements, Form 26AS, AIS summaries, business records, and investment proofs. TaxBuddy plays a crucial role by organising notice-wise documentation and

HRA , LTA , and perquisite mismatches in salary deductions often trigger income tax notices when the claimed exemptions do not align with Form 16 , salary slips, or transaction records reported to the Income Tax Department. Most errors stem from incorrect calculations, missing documents, inflated claims, or discrepancies between rent receipts, travel proofs, employer valuations, and bank statements. These are flagged through Section 143(1) intimation or scrutiny notices, requ

Introduction Any cash transactions that do not align with your reported income can trigger the suspicion of the Income Tax authorities. To identify the discrepancy between your income and expenses, the Income Tax Department employs cutting-edge technologies like artificial intelligence and data analytics. Information is obtained from your workplace, travel agency, or stock exchange in addition to bank statements, investments, real estate transactions, and travel-related data.

Introduction The deductors must create a challan in order to pay the TDS amount that is withheld from payments. When the government deducts TDS, the sum can be paid (via book entry) without creating a challan. This straightforward procedure is made possible by Form 24G, a compliance instrument. In order to pay the TDS amount to the relevant authority, prescribed government officials combine the payment details ( TDS-Salary /TDS-Non Salary/TDS-Non Salary Non Residents/TCS) in

Introduction India provides corporations with a number of tax benefits, including incentives, deductions, and exemptions under Sections 10 , 80, 32, and more. Companies may, however, end up with a zero-tax burden on their profits after utilising these deductions, meaning they will not contribute to the national revenue. In response, Section 115JB of the Income Tax Act in India established the Minimum Alternate Tax (MAT) system. MAT guarantees that businesses with significant

Introduction Although the Income Tax Act of 1961 permits professionals and enterprises to deduct a variety of reasonable expenses from their taxable income , not all expenses are eligible for this advantage. Even when expenses are spent solely for business purposes, they are subject to various limitations and disallowances under Section 40 of the Act. This means that some payments cannot be subtracted when calculating business profits for taxation , even if the business's out