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Online GST return filing in India requires accurate reporting of sales, purchases, and tax liabilities through returns such as GSTR-1, GSTR-3B, and GSTR-9. The process demands precision because the GST portal directly cross-verifies taxpayer data with income tax systems, bank statements, and vendor filings. Errors like mismatched turnover, incorrect HSN/SAC codes, or inconsistency between GST and ITR data often lead to notices or delayed processing. TaxBuddy supports busines

The GST system makes no exception for months with no business activity. Registered taxpayers must file nil returns for GSTR-1 and GSTR-3B even when outward supplies, inward supplies, and ITC remain at zero. This requirement keeps the GSTIN active, prevents penalty accumulation, and ensures smooth compliance when operations resume. With increasing automation on the GST portal and stricter enforcement of deadlines, timely nil filing has become essential for every business, rega

Wrong deductions in an Income Tax Return often trigger notices under sections like 139(9), 143(1), 154, and 156, especially when income, TDS, or exemption claims do not match department records. The core issue usually stems from incorrect figures, missing proofs, or bank-related reporting gaps. Automated systems quickly flag these mismatches, leading to adjustments or demands. TaxBuddy reduces these errors by reviewing the deductions section-wise, comparing data with the In

Non-filing of an income tax return often triggers automated alerts when financial activity suggests taxable income but no return is submitted by the due date. The system flags such cases under the e-Campaign for non-filers, prompting taxpayers to respond through the Compliance Portal. These notices arise from AIS and Form 26AS mismatches, high-value transactions, or bank-linked income that remains unreported. Responding quickly prevents penalties, defective return treatment,

Section 143(1) intimation is an automated communication generated after an income tax return is processed, highlighting adjustments such as arithmetic corrections, incorrect claims, or mismatches with AIS or Form 26AS. Many taxpayers confuse this preliminary computation sheet with an actual income tax notice, even though the two serve different purposes. Intimations perform automated checks, while income tax notices require deeper scrutiny, additional information, or reassess

TDS mismatch in Form 26AS occurs when the tax deducted and reported by deductors does not match the tax credit claimed in the Income Tax Return. Such gaps often trigger automated income tax notices, delay refunds, or lead to adjustments under Section 143(1). The issue usually originates from incorrect PAN entry, wrong TDS amounts, delayed TDS return filing , challan errors, or mismatched income reporting. A mismatch signals that the department’s database and the taxpayer’s c

Capital gains reporting in ITR-2 for FY 2024-25 involves detailed disclosure of every asset sold, including shares, mutual funds, bonds, property, or any other capital asset. The Income Tax Department now requires separate reporting of gains earned before and after 23 July 2024 because the Finance Act 2024 introduced revised rules, making accuracy more critical than ever. Each transaction must be captured with cost, sale consideration, ISIN (where applicable), holding perio

Updating the communication address in an Income Tax profile is essential for ensuring every notice, refund update, and official correspondence reaches the correct location. The Income Tax Department sends critical updates through email, SMS, and postal communication, making it necessary for taxpayers to maintain accurate profile details on the e-filing portal. The update takes only a few minutes and prevents missed deadlines or compliance issues. The process follows a simple

In-kind donations, such as clothes, food, books, or other non-monetary goods, hold significant value for charitable organisations, but they do not qualify for tax deductions under Indian income tax law. Section 80G of the Income Tax Act allows deductions only for monetary contributions made through cash (up to ₹2,000), cheque, draft, or digital payment methods. Tax deductions require verifiable financial transactions, supported by valid receipts from approved charitable insti

Linking multiple bank accounts on the Income Tax Portal ensures smooth tax filing , accurate income reporting, and error-free refund processing. The portal allows taxpayers to add, validate, and manage several accounts at once, which is essential for anyone earning interest from different banks or using separate accounts for salary, investments, and refunds. The process is straightforward but requires precise matching of PAN, mobile, and account details. When these details al