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When it comes to tax planning, Section 80C of the Income Tax Act is one of the most valuable tools available to Indian taxpayers. It enables individuals and Hindu Undivided Families (HUFs) to reduce their taxable income by up to INR 1,50,000 per year through a variety of investments and expenses. By planning investments in financial assets like PPF, NSC, ELSS, and others, you can claim deductions up to Rs. 1.5 lakh under Section 80C, effectively reducing your taxable income.

Updated Return ITR-U under Section 139(8A) allows taxpayers to correct wrong claims, missed income, or excess deductions even after filing the original return. This option helps reduce the risk of scrutiny notices and penalties when mistakes surface later through data matching. Filing ITR-U involves additional tax and interest, but it prevents harsher consequences under reassessment or mismatch provisions. Even after filing ITR-U, notices may still arise due to processing gap

Income tax notices for senior citizens often arise from mismatches in pension reporting, interest from multiple bank FDs, high-value transactions, or incomplete AIS disclosures. Automated systems detect even minor differences between reported income and data from banks or pension authorities. This creates stress for retirees who rely on predictable financial routines. Clear rules exist for senior citizens and super senior citizens, yet many still face notices due to overlooke

Capital losses appearing in AIS but missing from the filed ITR often trigger mismatch notices because the tax department treats unreported entries as potential discrepancies in capital gains disclosure. When AIS reflects sale transactions from equities, mutual funds, or other capital assets, but the ITR does not incorporate the same details, the system flags the inconsistency. This situation is common when taxpayers misreport loss-making trades or assume losses need not be de

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