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Filing Income Tax Returns (ITR) for capital gains from shares and mutual funds requires careful reporting of profits earned from investments. Accurate declaration ensures compliance with the Income Tax Act, avoids penalties, and maximizes tax efficiency. With multiple sources of capital gains—short-term and long-term—investors often face confusion over reporting requirements, calculations, and applicable exemptions. Online platforms like TaxBuddy simplify this process by prov

Cryptocurrency has emerged in India as a leading avenue for investment among most investors, from the millennial tech-savvy to seasoned financial experts. As interest in digital currencies, such as Bitcoin, Ethereum, and several altcoins, continues to escalate, it is imperative to understand the taxation around them. The guide shall present an in-depth overview of cryptocurrency taxation in India so that investors are both compliant and, at the same time, optimized in terms o

Form 12BB is the investment declaration form and is quite an essential form for every salaried employee in India. This form helps declare all your investments and expenses that are eligible for tax deductions. By filling this form properly and making it available to your employer, you can ensure that your tax-saving investments get considered against your taxable income, hence reducing it and increasing the in-hand salary throughout the financial year. In this article, we wil

Indian startups with DPIIT (Department for Promotion of Industry and Internal Trade) recognition can potentially save thousands or even more in taxes. The Income Tax Act's Section 80-IAC is the provision that enables recognised startups to receive a 100% tax exemption for three years in a row during which they generate profits. One of the most significant advantages of registering a startup in India is this. On April 1, 2017, Section 80-IAC of the Income-tax Act, 1961 was int

Mismatches between TDS challans and TDS returns are no longer minor compliance errors. Even a small inconsistency in CIN, PAN, TAN, or challan amount can result in denied TDS credit, automated tax demands, and interest that continues to accumulate across assessment years. With end-to-end computerised processing, such mismatches remain visible in Form 26AS and AIS until corrected, creating long-term exposure for both deductors and deductees. Addressing these gaps early is esse

Business cash sales and UPI collections are now closely tracked by the Income Tax Department through bank reports, AIS, and payment gateway data. Even genuine business receipts can trigger turnover-linked income tax notices when reported figures do not align with transaction trails. Notices are commonly issued for high cash deposits, large UPI inflows, or incorrect presumptive reporting. These cases are rarely about evasion but about classification, reconciliation, and disclo

Risk management for income tax notices depends on accurate interpretation, timely action, and a safe response strategy that reduces exposure to penalties and further scrutiny. Income tax notices often arise from mismatches in TDS, incorrect reporting, wrong PAN details, or discrepancies in bank information. Understanding the issue raised and replying with precise documentation helps avoid escalation. TaxBuddy simplifies this process by reviewing the notice, identifying risks

Introduction Intraday trading offers a special chance to profit from a share's price changes inside a single day. Intraday trading is sometimes known as day trading, as the name implies. Intraday trading basically entails a trader taking a position in a stock for the duration of the day and speculating on whether the stock price will rise or fall. Leverage is a tool used by intraday traders to increase their possible return on investment by enabling them to invest more than t

The ability to claim a deduction for tuition fees under Section 80C of the Income Tax Act is a common way for parents and guardians to...

Co-ownership of property can have significant implications when it comes to filing taxes and reporting rental income. When multiple...