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Taxbuddy: Income Tax Login | Best ITR Filing Platform File Income Tax Return for FY 2024-25 (AY 2025-26) | TaxBuddy

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Small retailers in India face unique GST challenges due to low-ticket, high-volume transactions. Managing hundreds or thousands of daily sales generates extensive invoices, complicates Input Tax Credit reconciliation, and increases the risk of filing errors. Recent updates in GST regulations, including simplified QRMP schemes and e-invoicing for small transactions under ₹5,000, ...


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Annual GST reconciliation ensures that a taxpayer’s books of accounts align precisely with GST returns, a critical compliance requirement under Indian GST law. Filing GSTR-9 (annual return) and GSTR-9C (reconciliation statement) demands meticulous matching of turnover, tax payments, and Input Tax Credit (ITC). Taxpayers with turnover exceeding Rs. 2 crore must file GSTR-9, while...


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GST registration is not always a choice. In India, crossing prescribed turnover limits or entering specific business activities makes GST registration compulsory. At the same time, many small businesses and startups choose voluntary registration even when not legally required. The decision impacts pricing, compliance workload, cash flow, and long-term scalability, especially onc...


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Missing e-verification after filing an income tax return or ignoring an income tax notice can quietly turn a valid return into a rejected one. In many cases, refunds get blocked, demands appear years later, or adjustment notices under Section 245 reduce current refunds without warning. These issues often arise not due to tax evasion, but because of delayed actions, system mismat...


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Section 245 of the Income Tax Act allows the department to adjust a current-year refund against pending tax demands from earlier years. This adjustment is not automatic and requires prior intimation, giving taxpayers a chance to agree, partially agree, or dispute the demand. Many refund losses happen due to ignored alerts, mismatched records, or old demands that no longer apply....


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