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Conversational AI is reshaping tax filing in 2025, enabling real-time, context-aware guidance that simplifies complex tax tasks. For Indian taxpayers under the Income Tax Act, 1961, AI assistants streamline form selection, document handling, and compliance verification. By translating legal and procedural jargon into plain language, these systems reduce errors, save time, and enhance overall efficiency. Platforms like TaxBuddy leverage Conversational AI to offer seamless mo

Artificial Intelligence is reshaping how Indians file income tax returns in 2025. With AI-driven platforms like TaxBuddy, taxpayers can now complete filings faster, with fewer errors, and with tailored guidance for complex scenarios. Automation reduces manual entry, ensures proper application of deductions, and integrates seamlessly with banking systems, making tax compliance simpler and more secure. AI transforms an otherwise tedious process into a smooth, efficient, and int

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

Missing capital gains while filing an income tax return can lead to inaccurate reporting and unnecessary scrutiny. Fortunately, the Income Tax Act, 1961, allows taxpayers to correct such errors through a revised return under Section 139(5). This provision enables individuals to include omitted capital gains, ensuring that income statements reflect accurate details and compliance remains intact. With the government’s latest updates for AY 2025-26, taxpayers now have a more str

Filing Income Tax Returns (ITR) in India no longer always requires a Digital Signature Certificate (DSC). Most individual taxpayers with simple income sources—like salary, pension, or interest—can file their returns online and e-verify using Aadhaar OTP, net banking, or other digital methods. However, certain taxpayer categories such as companies, LLPs, and those subject to tax audits are still mandated to use a DSC. Understanding these distinctions is crucial to ensure your

The transition from XML to JSON format for Income Tax Return (ITR) filing has redefined how taxpayers in India prepare and submit returns. Starting from Assessment Year (AY) 2021-22, the Income Tax Department shifted to JSON—a lightweight, modern format that ensures faster uploads, reduced errors, and better compatibility with e-filing utilities. While XML served as the foundation for many years, JSON now provides an improved experience, simplifying the process for individua

The Income Tax Department’s e-Filing Portal allows taxpayers to access prefilled ITR forms that automatically include data from their PAN-linked records. This feature simplifies return filing by importing salary, interest, and deduction details directly into the ITR form. It eliminates manual entry errors, ensures consistency with Form 26AS and AIS data, and reduces the time taken for filing. Understanding how to download, review, and verify the prefilled ITR form is essent

Filing Income Tax Returns (ITR) in India no longer always requires a Digital Signature Certificate (DSC). Most individual taxpayers with simple income sources—like salary, pension, or interest—can file their returns online and e-verify using Aadhaar OTP, net banking, or other digital methods. However, certain taxpayer categories such as companies, LLPs, and those subject to tax audits are still mandated to use a DSC. Understanding these distinctions is crucial to ensure your

ITR filing has become simpler and smarter in 2025, thanks to feature-rich mobile apps that combine automation, expert support, and government integration. These apps not only fetch Form 16 and AIS data automatically but also provide real-time guidance, ensuring 100% compliance and zero errors. Whether you are a salaried individual, a freelancer, or an NRI, the best ITR filing apps in India now make tax filing possible anytime, anywhere – directly from your smartphone. Table

The taxability of agricultural land in India depends on its classification as rural or urban. While rural agricultural land enjoys full exemption from capital gains tax, urban agricultural land is treated as a capital asset under the Income Tax Act, 1961. The sale of such land can attract short-term or long-term capital gains tax depending on the holding period. However, various exemptions and reliefs, including those under Sections 10(37) and 54B, allow taxpayers to reduce o