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AIS alerts for mutual fund and stock investments often arise when capital gains, dividend income, or high-value transactions do not match disclosures in the income tax return. These discrepancies frequently trigger follow-up notices, especially when Schedule CG reporting does not align with AIS, Form 26AS, or broker statements. With post-2024 rule changes tightening equity and debt fund reporting, accurate reconciliation has become essential. TaxBuddy plays a central role in

Capital gains income tax notices usually emerge when the figures reported in the Income Tax Return differ from those appearing in the AIS or broker capital gains statements. These mismatches often involve incorrect STCG or LTCG values, missing transactions, or inconsistent reporting across intermediaries. The tax system flags such gaps automatically, resulting in Section 143(1) notices. TaxBuddy reviews AIS data, reconciles broker statements, and identifies the source of mism

Income tax notices related to “Income from Other Sources” commonly arise when dividends, lottery winnings, or windfall gains reported in an ITR do not match the figures captured in Form 26AS or AIS. These mismatches are flagged under sections governing such income, including Sections 56, 115BB, 194, and related provisions. The notices typically reflect underreported amounts or discrepancies in gross values, TDS credits, or high-value transactions. With growing automated scru

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

Call and put options are common contracts or derivatives that give the buyer rights. There is no requirement, nevertheless, to buy or...

Investing in the stock market has become increasingly popular, with individuals looking to grow their wealth through various investment...

Filing an Income Tax Return (ITR) that involves capital gains from shares and mutual funds can be daunting for many taxpayers,...

Intraday trading refers to the buying and selling of shares within a single trading day, ensuring that all positions are closed by the...

Given that investors consider dividends to be a  source of income  from their investments, they are a crucial component. They are a major...