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Filing income tax returns for complex financial scenarios involves navigating multiple income sources, deductions, and ever-changing rules under the Income Tax Act 1961. Mistakes during self-filing can result in penalties, delayed refunds, or scrutiny by the Income Tax Department. Assisted filing connects taxpayers with qualified professionals and AI-powered platforms, reducing errors, ensuring compliance, and optimizing eligible tax benefits. Platforms like TaxBuddy combin

Choosing the right tax regime while filing Income Tax Returns (ITR) in India can significantly impact your tax liability. The old tax regime allows multiple exemptions and deductions, whereas the new tax regime offers lower rates and simplicity but restricts most deductions. Understanding which regime benefits you requires evaluating income, investments, eligible deductions, and filing flexibility. TaxBuddy’s mobile app simplifies this process by comparing liabilities under

Receiving an income tax notice can be stressful, confusing, and time-sensitive. TaxBuddy’s expert-driven platform simplifies this process...

A Section 156 Demand Notice is an official communication issued by the Income Tax Department when a taxpayer owes any tax, interest,...

Section 148A of the Income Tax Act, 1961, introduces a structured, taxpayer-friendly procedure for reassessment. Unlike the earlier...

Receiving an Income Tax Notice for TDS mismatch can be alarming for any taxpayer. Such notices arise when the TDS claimed in your Income...

Tax compliance in India requires vigilance, as the Income Tax Department can issue notices not just for the current year but also for previous financial years. These notices can relate to reassessments, discrepancies in bank-linked income, or errors in filed returns. Understanding the timelines, types of notices, and the process for responding is essential for avoiding penalties and ensuring smooth compliance. Tools like TaxBuddy provide guided solutions to address these not

Taxpayers in India are increasingly receiving income tax notices triggered by discrepancies in their Annual Information Statement (AIS)....

A defective return notice under Section 139(9) is issued when an income tax return (ITR) has errors, omissions, or incomplete details....

A Section 148 Notice is issued by the Income Tax Department when there is reason to believe that a taxpayer’s income has not been fully...