u/Adorable-Run-8184

Zerodha and Groww are showing estimated gains, but final tax reports are not ready yet. Is it risky to calculate gains manually and file before broker statements arrive?

I recently registered for GST after crossing ₹20 lakh turnover as a freelancer. Now I’m confused about monthly filings, LUT requirements for export services, and whether foreign clients should be charged GST at all. Why does compliance suddenly become so complicated once income starts growing?

My CS registered my Law firm LLP under 'Legal and accounting services' Code saying that name is already in use so to avoid rejection we have to select a general head. Is it true? Will it affect my law practice in any sense?

I filed my ITR within the first week after utilities were released and completed e-verification immediately. Many people online are already discussing refunds, but my status still shows processing.

I worked remotely for a US startup and received around $48,000 directly in my Indian account during FY 2025-26. Since the US follows calendar year while India follows financial year, how are people practically calculating and reporting foreign income correctly in Indian ITR?

I earn around ₹18 lakh annually and currently claim ₹1.5 lakh under 80C, ₹2 lakh home loan interest, and HRA benefits. After the revised tax slabs and rebate discussions in Budget 2025, many colleagues are shifting to the new regime. Is old regime still worth it at this income level or are salaried employees now mostly moving to the new regime?

Is it only me or anyone else who haven't received ITR refund for last year, now this year's ITR window is coming again!

It's really frustrating!

Sorry if this appears as a repetitive question. I could not find a direct answer to my questions and hence this post. Most posts go about opening a current account, LUT, 44ADA etc.

I am an individual offering a monthly subscription based software solution to a customer in the US.

I do not have any entity setup here in India (yet). I just have my PAN.

I am assuming that I can just email them the invoice on a monthly basis and ask them to wire transfer the amount to my given savings bank account with ICICI or HDFC (through Wise or Swift etc - depending on the customer).

I do not have any income at the moment. So, this will be my only income, which will be less than 12L per year.

Questions

1. Is it OK to just email the invoice and collect the money into my bank account as described above?

2. I will declare this amount as my total income. My income will be less than 12L and hence my ITR1 will have no tax. Is this correct?

3. I want to avoid setting up a company, gst registration etc at this point in time (atleast until I see some future prospects of stable and increasing income). Can I continue with my income declaration with ITR1? (don't want to go into 44ADA etc upfront now).

4. Anything else thst I should be aware of? From my perspective and from my customer's perspective?

Dear Tax Experts,

I am buying a home with a home loan and seeking advise on below questions -

1. Can I use SWP on mutual funds (equity, debt) or individual stocks which are long term to part prepay on a monthly basis to get tax exemption on capital gains?
2. For how long in years can I do SWP to get capital exemption
3. Is it applicable in new regime?
4. I plan to continue SIP in these funds as well

Thanks

Hey, I Applied for PAN card name correction through UTI and sent the courier for physical verification to Chennai office.
Now the status is showing as "withheld for processing"

Is this a normal procedure or is there any mistake that i've made in the application which lead to this. I tried calling the UTI office but they are not responding. kindly let me know what are my options here.
Thanks in advance

https://preview.redd.it/a31iskip3azg1.png?width=612&format=png&auto=webp&s=319aff2e51d2ff3ab7e78ae526a79330df46ba8f

Premature Withdrawal on Tax Saver FD & PPF

Hi,

I have a Tax Saver FD of Rs. 1 Lakh with IDFC Bank since 2023 but it has a 5 year lock in period, My ICICI Bank PPF also has 1.41 Lakh and the PPF Account was open3d first in Nov 2021, I had invested these to save on taxes but I recently went through a lot in my business and im almost bankrupt, These Tax saving investements are now worthless to me as I dont even have any taxable income. I tried breaking these prematurely but my branch doesnt know anything about these. Please find me a way to get these closed as I really need the money.