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Incorrect TDS return filing creates a direct compliance bottleneck for businesses by preventing Form 16A generation and disrupting vendor reconciliations. Even minor errors in PAN details, challan mapping, or deduction reporting can cause TRACES processing failures, leaving deductors unable to issue certificates and vendors unable to claim tax credit. These mismatches impact cash flows, invite penalties, and delay statutory compliance. Addressing such errors quickly is essent

Most salaried taxpayers wait for Form 16 before thinking about tax filing, but by then, the window for corrections and optimisation is already tight. Form 16 is issued only after employers complete quarterly TDS filings, while income tax return filing opens soon after. TaxBuddy follows a different approach by starting tax planning before Form 16 is issued. By using Annual Information Statement data, preliminary employer inputs, and bank TDS records, early planning helps preve

TDS return filing under the Income Tax Act, 1961, is not a quarterly formality but a continuous compliance obligation. Monthly deductions, strict deposit timelines, quarterly return deadlines, and heavy penalties for delays make last-minute corrections risky and expensive. Errors related to PAN details, challan mismatches, or missed declarations such as Forms 15G and 15H often surface only during quarter-end pressure. Maintaining year-round discipline ensures accurate reporti

Tax planning works best when decisions are based on real financial behaviour rather than assumptions. By analysing past income tax returns, deduction patterns, and compliance history, modern tax platforms can deliver far more accurate and proactive planning for the current year. TaxBuddy applies this approach by securely using filing history to identify missed deductions, prevent errors, and recommend regime choices aligned with an individual’s actual income trends. This allo

Revising a TDS return is not a simple correction exercise. It involves multiple system validations, dependency on consolidated data from TRACES, and strict compliance timelines under the Income Tax Act, 1961. Unlike initial filings, revisions demand perfect reconciliation of challans, deductee details, and PAN data to ensure credits flow correctly. Even small inconsistencies can result in rejection, delays, or loss of TDS credit for deductees. This layered compliance structur

The most common communication received by a taxpayer from the Income Tax Department is an intimation under Section 143(1). It is an indicator that your ITR has been processed by the IT Department. This intimation contains important information such as: ITR acknowledgement number, income details as per the taxpayer and as recomputed by the department during processing. If there is any difference between the tax calculation in the ITR filed and department’s computation, the in

PAN–Aadhaar non-linking is no longer a minor compliance gap. An inoperative PAN can immediately block income tax return filing, delay refunds, increase TDS rates, and disrupt banking or investment activity. Notices are already being issued to taxpayers whose PAN is not linked with Aadhaar, with penalties and transaction restrictions following soon after. With the extended deadline ending December 31, 2025, timely action decides whether daily financial activity remains uninter

NRE and NRO bank accounts sit at the centre of most income tax notices issued to NRIs in India. Interest credits, large inward remittances, repatriation transactions, and TDS deductions are routinely reported by banks to the Income Tax Department. When these figures do not match what appears on the income tax return, automated notices are triggered. Most cases do not involve tax evasion but gaps in reporting, incorrect account classification, or missed disclosures. Understand

Wrong PAN reporting in TDS or TCS is one of the most common reasons taxpayers receive unexpected income tax notices. When deductors such as employers, banks, or buyers quote an incorrect PAN in TDS or TCS returns, the tax deducted does not reflect correctly in Form 26AS, AIS, or TIS. This leads to tax credit mismatches, delayed refunds, or demands raised by the Income Tax Department. Such errors are usually procedural, but if ignored, they can escalate into interest, penaltie

GST compliance for online traders has become a non-negotiable obligation, especially for sellers operating on platforms like Amazon, Flipkart, and Meesho, where GST registration is mandatory irrespective of turnover. Marketplaces deduct TDS under Section 194-O and collect TCS under GST, which pushes traders to maintain accurate monthly filings and reconciliations. Rising enforcement, MFA rollout across the GST portal, and tighter scrutiny in 2025 make structured compliance e