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Financial apps today do far more than process transactions. Users now rely on them to manage loans, investments, payments, and multiple financial decisions within a single platform. This shift is already visible in platforms like Jio Financial Services, where multiple financial services are brought together into one ecosystem. However, one important layer still remains largely separate. Tax. While users actively manage their finances within these apps, tax planning, ITR filin

Tax planning, return filing, and notice handling are closely connected parts of the same compliance process. When planning is done properly, returns are filed more accurately, and the risk of notices reduces significantly. When filing is aligned with AIS, Form 26AS, and supporting records, tax reporting becomes cleaner and more defensible. If a notice still arrives, timely handling helps prevent penalties, interest, and prolonged disputes. TaxBuddy supports this connected wor

Managing tax compliance often involves multiple steps such as filing returns, responding to notices, handling appeals, and completing registrations. Traditionally, these processes required using different portals and manual coordination, increasing the risk of errors and delays. Today, integrated platforms like TaxBuddy simplify this by bringing all tax-related activities into one system. With automation, real-time validation, and expert support, these platforms ensure accura

Salaried individuals often face multiple tax-related challenges beyond filing their income tax return (ITR). From optimising deductions to handling TDS mismatches and generating documents for loan applications, managing tax compliance can be complex. TaxBuddy simplifies this process by offering a comprehensive suite of services that go beyond ITR filing. These services include AI-driven tax planning, TDS and notice management, document generation, and integration with bank a

Form 13 under Section 197 of the Income-tax Act , 1961, helps taxpayers reduce excessive TDS when income is subject to high deduction rates across sources like rent, commission, interest, and professional receipts. When TDS is deducted at standard rates without considering actual tax liability, a large portion of income gets blocked until refunds are processed. Using Form 13 allows taxpayers to align TDS with real tax liability, improving cash flow and reducing financial stra

After submitting Form 13 under Section 197 of the Income Tax Act , the application enters a verification and approval process handled by the Income Tax Department through a faceless system. This process determines whether a taxpayer is eligible for a lower or nil TDS deduction based on projected income and tax liability. The department reviews the submitted details, verifies supporting documents, and may issue notices if clarification is required. Once approved, a certificate

It's not uncommon to make mistakes when filing your income tax returns (ITRs). The income tax department issues notices in these situations to correct the errors. Income tax letters are being sent out for a variety of reasons, and each one requires a different response. Income tax notices may arrive in the mail or by email, but you must reply to them according to a specific protocol. These notifications may arrive in your mail for a number of reasons, such as incomplete or de

Receiving an income tax notice can be a nightmare, even if you have filed your income tax return on time. Understanding these notices, knowing how to respond, and taking the right actions are crucial to avoid penalties and ensure compliance. This article will help you overcome the complexities of income tax notices, covering everything from authentication to responding effectively. Table of Content How to Authenticate Notice/Order Issued by Income Tax Department Types of Noti

Assuring that taxpayers pay their fair share of taxes and complete all requirements, tax assessment is a crucial component of the Indian tax system. Section 144 of the Income Tax Act permits Assessing Officers to determine tax liability through the Best judgement assessment method in situations where a taxpayer neglects to file their income tax return. This article will provide you with all the information you need to understand Section 144 and how the AO makes his evaluation

India's Faceless Assessment Scheme streamlines income tax filing by doing away with in-person encounters with tax officials. The scheme operates under section 144B and aims to improve the process using technology by doing away with the Assessing Officer and assessee's direct interaction. This online solution ensures speed and minimises prejudice by assigning your return to a group of specialists for evaluation. All correspondence is conducted electronically via a single platf