Case Study: Raj achieves an extra ₹50,000 tax refund with TaxBuddy

Raj unlocks a ₹50,000 refund with TaxBuddy

The customer, Raj, a salaried software engineer, faced significant tax challenges after selling a property, grappling with capital gains tax implications and TDS deductions that created confusion over potential refunds. He turned to TaxBuddy for professional guidance to navigate this financial puzzle and find clarity on reinvestment avenues for his capital gains.

TaxBuddy implemented a strategic solution by leveraging Section 112 of the Income Tax Act and introducing Raj to the Capital Gain Account Scheme (CGAS). They advised him to open a Type B CGAS account to reinvest his gains, which deferred his tax liability. Furthermore, TaxBuddy assisted in claiming a full TDS refund. This expert guidance resulted in a substantial additional refund of ₹50,000 for Raj and prepared him for a future property purchase.

Raj