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Filing income tax returns in India has evolved into a largely digital experience, with multiple tax filing apps offering tailored solutions for diverse taxpayer needs in 2025. These apps simplify filing through automation, expert support, pre-filled forms, and mobile integration. TaxBuddy, a leading AI-powered platform, provides both self-filing and expert-assisted options, making it suitable for salaried individuals, freelancers, and business owners alike. Comparing featur

Filing Income Tax Returns in India demands precision, compliance, and up-to-date knowledge of the Income Tax Act, 1961. Taxpayers face a choice: rely on AI-powered bots for speed and automation or consult human tax experts for nuanced guidance and complex case handling. While AI bots efficiently handle simple returns and reduce manual errors, human professionals provide strategic advice, error detection, and post-filing support, especially for multiple income sources, capita

Donations made to registered charitable institutions under Section 80G of the Income Tax Act, 1961, allow taxpayers to claim tax deductions and reduce their overall tax liability. These deductions apply to individuals, companies, HUFs, and NRIs, encouraging contributions to social and national causes. However, only donations made to approved and registered organizations qualify. To claim the benefit, donors must ensure proper documentation and payment through permissible mod

Accurately reporting income from a jointly owned property is essential for ensuring fair tax treatment under the Income Tax Act, 1961. Co-owners must assess their ownership ratio, calculate their respective income shares, and claim deductions that align with current tax laws. The 2025 Budget and recent ITAT rulings have clarified how ownership contribution, home loans, and rental income affect taxation. This ensures that individuals and families can now file returns more tran

When an Income Tax Return (ITR) is filed, it doesn’t end there. The return moves through multiple automated checks before it is officially processed by the Centralized Processing Centre (CPC) under the Income Tax Act, 1961. Each stage — from filing and verification to processing and final intimation — reflects how accurately the return aligns with the taxpayer’s financial data, TDS records, and Form 26AS . Understanding these stages ensures taxpayers remain informed about the

Section 115BBH governs the tax treatment of cryptocurrencies, NFTs, and all Virtual Digital Assets in India. The rule imposes a flat 30 per cent tax on income from transfers of VDAs, disallows loss set-offs, and mandates detailed disclosure through Schedule VDA in the income tax return. TDS under Section 194S applies to eligible transactions, and accurate reporting is required to avoid notices or penalties. As crypto use grows, understanding the exact rules of Section 115BBH,

Section 271B  of the Income Tax Act, 1961, prescribes penalties for taxpayers who fail to conduct a tax audit or submit their audit report within the due date mandated under Section 44AB. The law aims to ensure transparency and timely reporting of financial records for businesses and professionals exceeding the prescribed income limits. Recent updates in Budget 2025 have streamlined these provisions, reinforcing compliance and offering relief for genuine delays. Understanding

Under the Income Tax Act, 1961, taxpayers can carry forward losses such as business, capital gains, or speculative losses to future years, but only if their income tax return is filed within the due date specified under Section 139(1). Filing a belated ITR, which is done after the due date, usually disqualifies these losses from being carried forward. However, losses like house property loss and unabsorbed depreciation remain eligible for carry forward even in a belated retur

Income tax notices usually arise from mismatches, missed filings, incorrect claims, or unexplained transactions that the Income Tax Department flags through automated data checks. Most issues trace back to discrepancies between reported income and Form 26AS , high-value bank activity, or errors made while filing ITR . Early detection, proper reconciliation, and accurate documentation play a crucial role in preventing these notices. Digital platforms such as TaxBuddy simplify

Errors in an already filed Income Tax Return (ITR) can occur due to missed deductions, incorrect income details, or wrong bank information. The good news is that under the Income Tax Act, 1961, such mistakes can be corrected without penalties if addressed within the prescribed timelines. Taxpayers can use provisions like revised returns under Section 139(5) , rectification requests under Section 154, or updated returns (ITR-U) under Section 139(8A) to fix these errors. Under