Follow Taxbuddy's news and updates in a matter of seconds! We will deliver any update via email, phone or you can read them from here on the site on your own news page.
You can even combine different feeds with the feed for Taxbuddy.
Subscribing and unsubscribing is fast, easy and risk free.
The whole service is free of cost.
Taxbuddy: Income Tax Login | Best ITR Filing Platform File Income Tax Return for FY 2024-25 (AY 2025-26) | TaxBuddy
Is this your feed? Claim it!
Freelancers and self-employed professionals in India must pay advance tax if their annual tax liability exceeds ₹10,000 after TDS adjustments. Advance tax under Sections 207–219 of the Income Tax Act, 1961 ensures that taxes are paid in instalments throughout the year instead of lump sum at year-end. The process helps maintain consistent revenue flow for the government and preve...
Choosing the right TDS form is essential for accurate tax compliance under the Indian Income Tax Act. Both Form 24Q and Form 26Q serve as quarterly TDS return statements but apply to entirely different types of payments. Form 24Q is used for salary-based deductions under Section 192 , while Form 26Q applies to payments like rent, commission, and professional fees under Section 2...
Incorrect or outdated bank account details can delay or even block income tax refunds. Fortunately, the Income Tax Department allows taxpayers to correct or update their bank information after filing their ITR . Using the e-filing portal, one can revalidate, update, or nominate a new account linked with PAN to ensure refunds are credited seamlessly. The process is entirely onlin...
Section 194J of the Income Tax Act, 1961 deals with Tax Deducted at Source (TDS) on payments made to professionals and technical service providers. It ensures that tax is collected at the time of payment itself, helping maintain compliance and reducing evasion. This section applies to services rendered by professionals such as doctors, engineers, consultants, and IT experts. Wit...
When a property transaction in India exceeds ₹50 lakhs, the buyer must deduct tax at source before making payment to the seller. This deduction, governed by Section 194IA of the Income Tax Act, ensures tax compliance in high-value real estate transactions. The rule applies to residential and commercial properties, excluding agricultural land. By mandating TDS on such sales, the...
