JioFinance App Launches Smart Tax Module with TaxBuddy to Simplify ITR Filing for Indians

To bring unprecedented convenience to taxpayers in India, a feature-packed tax planning and filing module has been introduced on the JioFinance App.

Aimed at making tax planning and income tax return (ITR) filing simpler, smarter, and more affordable for the people of India, the new feature has been developed in partnership with TaxBuddy, an online tax filing and advisory service that offers taxpayers a guided, digital-first experience with built-in compliance and expert support.

The module includes two core features—Tax Planner and Tax Filing. The Tax Filing feature is designed to address common challenges such as confusion between old and new tax regimes, helping customers save taxes by ensuring deductions under sections like 80C and 80D are not missed, and eliminating over-reliance on costly intermediaries.

The Tax Planner helps individuals project and reduce their future tax liabilities by offering personalised deduction mapping, Housing Rent Allowance evaluation, and regime comparisons. The Tax Filing feature allows users to either file returns themselves, or opt for expert-assisted filing, with plans starting as low as ₹24 for self-service options, and ₹999 for assisted options.

Hitesh Sethia, Managing Director and CEO, Jio Financial Services Limited said, “With the deadline for filing taxes approaching, our goal is to remove the complexity that a lot of people associate with tax filing. It is equally important to empower customers with effective tax planning services, allowing them to optimise and maintain visibility over their tax liability through the financial year. The integration of this service with the JioFinance App will enable a seamless experience for tax transactions, backed by expert

support, clear insights, and transparent pricing. The launch of this module adds yet another dimension to our endeavour of delivering accessible, digital-first financial solutions that empower Indians everyday.”

Post their ITR filing, users can monitor their return status, track refunds, and receive alerts for any tax-related notices—all through the app.

The module is designed to be simple and intuitive, even for those with little or no prior tax filing or planning experience. From entering income details to uploading documents and selecting the right tax regime, the process is fully guided, making it easier than ever to plan and file taxes.

This launch adds another key pillar to the JioFinance App’s growing suite of offerings, consolidating its position as a one-stop digital destination, serving the diverse financial needs of customers.

To download the JioFinance app, click here

How India’s Income Tax Department Used AI to Crack Down on Crypto Evasion

India’s Income Tax Department has successfully recovered ₹437 crore from cryptocurrency transactions in FY 2022–2023 by deploying a sophisticated blend of artificial intelligence (AI), machine learning (ML), and digital forensics. Here's how they did it:

Tech-Driven Enforcement Strategy

AI & Machine Learning Analytics

• Used to detect anomalies and patterns in crypto transactions.
• Compared Tax Deducted at Source (TDS) filings from crypto exchanges with individual income tax returns.
• Discrepancies over ₹1 lakh triggered automated alerts to non-compliant taxpayers.

Digital Forensics & Blockchain Analysis

• Tax officials trained to trace wallet addresses and link them to KYC data.
• Collaborated with institutions like National Forensic Science University (NFSU), Goa for capacity-building.
• Project Insight & Non-Filer Monitoring System (NMS)
• These systems correlated internal databases with reported income to flag under-reporting.
• Enabled targeted scrutiny without intrusive audits.

Results & Impact

Metric	FY 2021–22	FY 2022–23
Tax from Crypto (VDAs)	₹269.09 crore	₹437 crore
Growth Rate	—	+63%
Notices Sent (Discrepancy > ₹1L)	—	Thousands

The 63% year-on-year growth in crypto tax collection signals rising adoption and tighter compliance.

Over 42,000 cases are reportedly under investigation for unreported VDA income.

Global Alignment & Future Plans

India is aligning with the OECD’s Crypto-Asset Reporting Framework (CARF) for cross-border transparency.

The upcoming Income Tax Bill (2025) aims to strengthen real-time monitoring systems and close offshore loopholes.

ZebPay Partners With TaxNodes to Demystify Crypto Taxation for Indian Investors

Partnership to benefit Indian crypto investors seeking compliance and clarity on crypto tax matters

ZebPay, India’s oldest and most trusted crypto asset exchange today announced that it has partnered with TaxNodes, an expert-assisted ITR filing platform to simplify tax filing for virtual digital assets in India. As a result of this association, TaxNodes will provide assistance to ZebPay's extensive user community to ensure precise tax calculations and compliance, to keep them updated with the most recent tax-related developments in the virtual digital asset industry.

In 2022, the Indian government implemented a tax on investments in virtual digital assets, whereby any income gained from the transfer of such assets is now subject to a 30% tax and 1% TDS. The complexity of the new tax laws has led to considerable confusion among Indian retail investors and traders in India. Owing to this, there is a critical need to establish appropriate compliance infrastructure and enhance investor knowledge on how to file taxes correctly. Through this partnership, TaxNodes will enable ZebPay users to calculate, evaluate, and file their crypto taxes, alleviate misapprehensions and reduce the possibility of tax miscalculation. In addition to this, TaxNodes’ end-to-end solutions will help users get the much-needed clarity on the taxes levied on their investment, thereby simplifying the taxation journey of every crypto investor in the country.

With India's optimistic outlook towards the crypto market, and the emergence of new taxation infrastructure, the country is poised to become a key player in the global crypto market. The association between ZebPay and TaxNodes will help promote awareness about current and evolving regulations governing virtual digital assets. Apart from getting expert assistance on tax filing, ZebPay users will also receive personalized advisory services by TaxNodes, enabling them to better understand the tax implications of their digital asset investments. In addition, ZebPay users will be able to take advantage of discounted services through an exclusive offer.

Rahul Pagidipati, CEO, ZebPay, said, "At ZebPay, we are committed to creating a regulatory-compliant ecosystem that fosters the mainstream adoption of crypto in India. This partnership is a significant step towards achieving that goal and enabling greater collaboration between stakeholders in the crypto ecosystem. With 30% taxation and 1% TDS, calculation of taxation on crypto has become a complex process. Our partnership with TaxNodes will not only simplify the tax filing process for virtual digital assets and offer clarity to our users, but also offer personalized tax advisory services to our users at their fingertips."

Avinash Shekhar, Founder & CEO, TaxNodes said, "Our relationship with ZebPay goes a long way back and this partnership is a new chapter in that journey. We are excited to offer our end-to-end solutions to ZebPay’s customers and are confident that they will see value in our seamless tax computation process. Our aim is to help investors calculate, evaluate, and file their crypto taxes accurately while providing them with expert advice and personalized services to trade crypto without worrying about the intricacies of tax filing."

About ZebPay:

ZebPay is India’s oldest crypto asset exchange, with more than 5 million users. Founded in 2014, ZebPay aims to be the leading blockchain asset solution provider and the #1 financial advisor for all Indians invested in the crypto space. The company’s mission is to help its members achieve financial freedom in the Web3 economy. ZebPay’s secure and compliant exchange is available via the web and on Google Play Store and Apple App Store. ZebPay also operates an exchange in Australia and Singapore, serving 162 countries. ZebPay members can invest in Bitcoin, Ethereum, and many other crypto assets, trading both crypto-fiat and crypto-crypto pairs. ZebPay OTC, a bespoke trading desk for high-volume clients, serves both individuals and institutions.

For more details please visit: https://zebpay.com/otc/

About TaxNodes: Founded in December 2022, TaxNodes is a tax computation and expert-assisted ITR filing platform that aims to simplify the tax computing process in India. The platform has a team of experts who are dedicated towards simplifying taxes particularly in the complex world of crypto taxes. The platform is also working towards helping crypto exchanges to increase their internal controls and automate reconciliation as well as accounting.,

E-Filing 2.0: New Website of Income Tax Deptt Now Live, Know The Special Feature

For the ease of taxpayers, the Finance Ministry on Monday released a new portal of the Income Tax Department. This includes many new facilities for the taxpayers. Income Tax Department has introduced a new web site for income tax payers named http://incometax.gov.in . Earlier the address of the site was http://incometaxindiaefiling.gov.in.

The new portal has been designed with dedication, however, officials said that it may take some time for the website to be stable and taxpayers can easily take advantage of all its new features. prepared with. On its home page it is called e-filing 2.0. This is a completely new portal which makes e-filing easy for you. The objective of this portal is to provide a single window for Income Tax related services to the taxpayers and allied parties. The new portal went live from Monday. But the new tax payment system on this portal will start from June 18.

Let's know the special features of the new portal -

• Refund will be issued soon - The processing of Income Tax Return (ITR) will be done immediately in the new portal and refund will also be issued to the taxpayers soon.
• Pre-filled forms will be available - In this, necessary instructions for taxpayers and information about their pending cases will also be available. Also pre-filled forms (pre-filled forms) will also be available.
• Software with Frequently Asked Questions (FAQs) answers - Software has been integrated with Always Asked Questions (FAQs) answers to help taxpayers file ITR 1, ITR 4 (Online & Offline) and ITR 2 (Offline). The department has said in a statement issued in this regard that the facilities for ITR 3, 5, 6 and 7 will also be made available soon.
• Call center also planned -- A new call center is also planned for taxpayer assistance for quick response to taxpayers queries and the portal will also have detailed FAQs, user manuals, video and chatbot/live agents.
• Other facilities - The CBDT said that the facility of filing income tax forms, engaging tax professionals, responding to notices in faceless scrutiny or appeals will be available.

I-T Deptt. To Launch Free Software, Mobile App for ITR Preparation

The Income Tax Department will launch its new e-filing portal www.incometax.gov.in on Monday, June 7, 2021. The new e-filing portal is aimed at providing taxpayer convenience and a modern, seamless experience to taxpayers, said the Ministry of Finance in a statement.

Also a free of cost ITR preparation software will be available with interactive questions on the new system to help taxpayers for ITRs 1, 4 (online and offline) and ITR 2 (offline) to begin with; Facility for preparation of ITRs 3, 5, 6, 7 will be made available shortly, said the I-T department.

Stay tuned!#NewPortal #eFiling pic.twitter.com/8x1iUK0CZc

— Income Tax India (@IncomeTaxIndia) June 6, 2021

All interactions and uploads or pending actions will be displayed on a single dashboard for follow-up action by the taxpayer on the new portal.

The new customer-friendly web-portal integrated with immediate processing of Income Tax Returns (ITRs) will facilitate faster refunds for taxpayers, it added.

Taxpayers will be able to proactively update their profile to provide certain details of income including salary, house property, business, profession which will be used in pre-filling their ITR.

Detailed enablement of pre-filling with salary income, interest, dividend and capital gains will be available after TDS and SFT statements are uploaded (due date is June 30, 2021). The new system will also include a new call center for taxpayer assistance for prompt response to taxpayer queries. Detailed FAQs, User Manuals, Videos and chatbot/live agent also provided.

Functionalities for filing Income Tax Forms, Add tax professionals, submit responses to notices in faceless scrutiny or Appeals would be made available.

The new tax payment system will be launched on June 18th, 2021 after the advance tax instalment date to avoid any taxpayer inconvenience. The mobile app will also be released subsequent to the initial launch of the portal, to enable taxpayers to get familiar with the various features. 

Familiarization with the new system may take some time, so, the I-T Department requests the patience of all taxpayers/stakeholders for the initial period after the launch of the new portal and while other functionalities get released since this is a major transition. This is another initiative by CBDT towards providing ease of compliance to its taxpayers and other stakeholders.