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Filing an Income Tax Return (ITR) without Form 16 is entirely possible. Form 16 is a TDS certificate issued by employers, but it is not mandatory for ITR filing. Taxpayers can use salary slips, Form 26AS, and other supporting documents to accurately calculate their income, claim deductions, and file returns. The Income Tax Act, 1961 allows all eligible individuals to submit returns even without Form 16, provided they maintain proper documentation. Platforms like TaxBuddy sim

Startups and LLPs in India are required to file their Income Tax Returns (ITR) annually, irrespective of profits or revenue. This compliance ensures financial discipline, maintains credibility with investors, and keeps businesses eligible for tax benefits such as Section 80-IAC deductions for DPIIT-recognized startups. Filing correctly also prevents penalties, secures the ability to carry forward losses, and ensures compliance with statutory requirements under the Income Tax

Filing Income Tax Returns (ITR) is essential for pensioners to ensure compliance, claim rightful deductions, and maintain a clear financial record. For AY 2025-26 (FY 2024-25), pensioners enjoy specific benefits under Indian tax laws, including higher exemption limits, standard deductions, and eligibility for certain exemptions like 80TTB. Selecting the correct ITR form, reporting pension income accurately, and e-verifying the return are crucial steps. Leveraging simplified

Filing ITR-2 online for AY 2025-26 requires careful preparation, accurate reporting of income sources, and proper bank account validation. Individuals and HUFs with capital gains, multiple properties, foreign assets, or directorships must follow the correct process to ensure smooth filing and timely refunds. This guide provides a detailed, step-by-step overview, covering all schedules, bank account sections, e-verification methods, and common issues, while highlighting how se

Employee Stock Option Plans (ESOPs) and Restricted Stock Units (RSUs) are popular forms of employee compensation in India, offering potential wealth creation alongside salary. Filing Income Tax Returns (ITR) for individuals holding ESOPs or RSUs requires careful reporting of perquisites, capital gains, and foreign assets to comply with the Income Tax Act, 1961. Choosing the correct ITR form is crucial to ensure accuracy, avoid penalties, and prevent delays in processing. Ac

Filing income tax returns for complex financial scenarios involves navigating multiple income sources, deductions, and ever-changing rules under the Income Tax Act 1961. Mistakes during self-filing can result in penalties, delayed refunds, or scrutiny by the Income Tax Department. Assisted filing connects taxpayers with qualified professionals and AI-powered platforms, reducing errors, ensuring compliance, and optimizing eligible tax benefits. Platforms like TaxBuddy combin

Filing an Income Tax Return (ITR) for multiple sources of income—salary, freelance work, and investments—requires precise reporting and careful aggregation. Accurate declaration ensures compliance with the Income Tax Act, 1961, helps avoid notices or penalties, and enables proper calculation of tax liabilities. With the FY 2024-25 deadline set for September 15, 2025, taxpayers must ensure that all income sources are correctly captured, deductions are claimed appropriately, a

Choosing the right tax regime while filing Income Tax Returns (ITR) in India can significantly impact your tax liability. The old tax regime allows multiple exemptions and deductions, whereas the new tax regime offers lower rates and simplicity but restricts most deductions. Understanding which regime benefits you requires evaluating income, investments, eligible deductions, and filing flexibility. TaxBuddy’s mobile app simplifies this process by comparing liabilities under

Selecting the correct ITR form is the first critical step in filing your Income Tax Return accurately in India. Using the wrong form can...

Choosing the right income tax filing platform in 2025 hinges on how well each service handles pricing, complex income scenarios,...