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Unreported property sales often trigger capital gains notices because the Income Tax Department cross-verifies transaction details through the Annual Information Statement and Form 26AS . When a sale appears in AIS but not in the return, the system flags a mismatch, leading to notices under Section 143(1) or detailed scrutiny under Section 143(2) . Capital gains must be calculated and reported in Schedule CG of the appropriate ITR form, regardless of taxable income after exem

Income tax notices for NRIs generally arise from mismatches in AIS, incorrect reporting of NRE or NRO account income, or missing details related to foreign income that trigger automated alerts under the Income Tax Act 1961. Most notices link back to unreported NRO interest, rental income, capital gains, or remittances that banks and institutions report through SFT. Any inconsistency between AIS and ITR leads to e-campaign messages or scrutiny. Platforms such as TaxBuddy offer

TCS on foreign travel and big-ticket purchases often triggers income tax notices when the amounts reported in Form 26AS, AIS, or ITR fail to match actual remittances or tour package payments. Incorrect declarations in bank forms, wrong TCS claims, or unreported transactions under the Liberalised Remittance Scheme are common reasons for discrepancies. These mismatches prompt notices under Sections 143(1) or 143(2), requiring accurate documentation and timely correction. With r

The e-Proceedings tab on the income tax portal enables taxpayers to respond to notices online without visiting the tax office. It centralises all assessments, scrutiny notices, questionnaires, and communication from the Assessing Officer, allowing timely and organised submissions directly through the portal. The system helps reduce delays, ensures documentation accuracy, and offers a transparent view of pending actions. TaxBuddy enhances this process by guiding users through

GST payments in India operate through two distinct electronic ledgers on the GST portal: the Cash Ledger and the Credit Ledger. Each serves a specific purpose and follows defined utilisation rules that directly impact tax outflow, compliance, and working capital. The Cash Ledger records actual cash deposits and can be used flexibly for multiple GST liabilities, while the Credit Ledger reflects eligible input tax credit that can only be used in a prescribed sequence. Efficient

GST input tax credit on capital goods directly impacts cash flow, compliance, and long-term tax exposure for businesses. Errors usually arise when depreciation under the Income Tax Act overlaps with GST credit claims, leading to reversals and notices. Capital goods such as machinery, computers, and vehicles used for business are eligible for ITC only when strict conditions are met. Correct classification, proportionate reversals, and alignment with GSTR-2B have become critic

Missing GST due dates leads to late fees, interest, blocked e-way bills, and unwanted notices. Tax compliance today requires constant tracking of multiple filing timelines, frequent regulatory changes, and accurate reconciliation across returns. TaxBuddy’s mobile app addresses this challenge by delivering real-time GST filing alerts, automated due date reminders, and data mismatch warnings directly to the user. Designed for Indian businesses under the CGST framework, the app

Cloud kitchens and food delivery sellers operating through platforms like Swiggy and Zomato face a unique GST compliance structure in India. Mandatory GST registration, platform-led tax collection, and reconciliation of Tax Collected at Source add multiple layers to return filing. Sellers must ensure that outward supplies, TCS credits, and electronic cash ledger balances align perfectly to avoid mismatches and notices. With evolving GST rules, including higher GST on deliver

Tax Collected at Source (TCS) , is a tax that the seller is required to collect from the buyer at the time certain goods are sold or specific transactions are carried out. The seller then deposits this tax with the government. The legal framework for TCS is laid down under Section 206C of the Income Tax Act. TCS applies only to notified transactions. These include the sale of alcohol for human consumption, certain leasing or licensing arrangements, sale of high-value motor ve

TaxBuddy is a well-known AI-powered Income Tax Filing platform that offers both DIY (Do-IT-Yourself) filing and expert-assisted ITR filing. It help you upload the documents, pick the right ITR form, and file your ITR faster than any other online platform. 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, ensuring sea