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GST compliance for shared economy platforms in India involves layered obligations across cab aggregators, rental marketplaces, and co-living operators. These models trigger specific provisions under the CGST Act, such as Section 9(5) liability, TCS under Section 52, and e-commerce operator reporting through GSTR-8 . With varying GST rates, exemptions, and registration thresholds, accurate classification and reconciliation become critical. As regulatory scrutiny increases in

Missing e-verification after filing an income tax return or ignoring an income tax notice can quietly turn a valid return into a rejected one. In many cases, refunds get blocked, demands appear years later, or adjustment notices under Section 245 reduce current refunds without warning. These issues often arise not due to tax evasion, but because of delayed actions, system mismatches, or lack of clarity on portal responses. Understanding what happens after a missed e-verificat

Business income and GST turnover are often confused, but tax authorities treat them very differently. Business income reflects net profit after expenses, while GST returns report gross turnover from supplies. When GST-reported turnover is higher than income declared in the ITR, automated systems flag the mismatch. This frequently leads to income tax notices alleging underreported turnover. With increased data sharing between GST and Income Tax departments, such discrepancies

Wrong tax regime selection under the Income Tax Act, 1961, often triggers demand notices, refund adjustments, or mismatched tax computations. These issues typically occur when deductions under the old regime are claimed without eligibility, or when the new regime is applied without the required forms. Errors by employers or automated portal calculations can further distort the tax outcome. Early correction prevents unnecessary tax demands, and platforms like TaxBuddy simplif

TaxBuddy is an AI-powered Income Tax Filing platform that offers both DIY (Do-IT-Yourself) filing and expert-assisted ITR filing options. Its automation intelligently fetches data from PAN, Aadhaar, and Form 16, to deliver accurate and error-free returns in minutes. You can file ITR through TaxBuddy mobile app or even via WhatsApp , making it one of the most accessible tax-filing tools in India. The AI system simplifies every step: from data extraction to form selection, e

Old vs latest ITR mismatches typically arise when the Income Tax Department identifies differences between the information reported in a filed return and the latest data received from banks, employers, or financial institutions. These mismatches often trigger follow-up notices, demanding clarification or correction. The core issue is usually traced to AIS, TIS, or Form 26AS variations that were updated after filing or inaccurately reflected in the original return. Understandi

Errors in an income tax return often surface only after an Income Tax Department notice, and choosing the correct corrective route determines whether the issue closes smoothly or escalates into penalties and prolonged scrutiny. The core pathways—rectification, revised return, and updated return—serve very different purposes and operate under strict legal timelines. Each mechanism applies to a specific type of mistake, and selecting the wrong one can complicate compliance inst

A large number of income tax notices are triggered not by fraud, but by mismatches between filed returns and data already available with the Income Tax Department. Differences in bank interest, unreported transactions, incorrect ITR selection, or missing schedules often invite scrutiny under Sections 143(1) or 142(1). A notice-ready ITR focuses on aligning every reported figure with Form 26AS, AIS, and TIS before submission. TaxBuddy’s filing process is built around this prin

Side hustle and freelance earnings often leave digital footprints across bank statements, UPI credits, Form 26AS , and the Annual Information Statement. When these financial records do not align with income declared in ITRs, the Income Tax Department issues notices for clarification or reassessment. Most cases stem from unreported gig payments, mismatched TDS entries, or unexplained deposits exceeding disclosed turnover. These discrepancies are quickly flagged by automated s

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