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Income tax refunds are crucial for taxpayers, yet delays are common in FY 2024-25 due to stricter compliance, verification processes, and system checks. Refunds can be stalled because of mismatched bank details, discrepancies in Form 26AS or AIS, outstanding dues, or returns selected for scrutiny. Delays not only frustrate taxpayers but also affect financial planning. Understanding the reasons behind these delays and taking corrective measures can help ensure timely credit o

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

A belated return is the return that is filed after the due date. Section 139(4) of the Income Tax Act empowers the taxpayer to submit a...

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

Section 154 of the Income Tax Act, 1961, allows taxpayers to correct mistakes apparent from records in their ITR-1 filings. These errors...

The Income Tax Department uses Section 245 of the Income Tax Act, 1961, to automatically adjust outstanding tax dues from previous years...

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

Choosing the correct Income Tax Return (ITR) form is essential to avoid defective return notices and scrutiny from the Income Tax...

A Section 142(1) notice is an official communication from the Income Tax Department seeking clarification on discrepancies or incomplete...

The Annual Information Statement (AIS) is a comprehensive record of financial transactions reported to the Income Tax Department by...