I receive monthly consulting payments in USD through Wise. Should I use the RBI reference rate, the bank conversion rate or the actual INR credited to my account?
I've filed under Section 44ADA for the last four years. My CA says continuous use may invite more questions if my expenses are unusually low. Is there any basis for this concern?
I run an online consulting business without office equipment apart from my laptop. Can the fixed asset schedule remain blank in ITR-3?
I provide AI automation consulting to businesses, but I can't find a profession code that exactly matches. What are others in similar fields selecting?
One overseas client transferred ₹2.8 lakh to my personal savings account instead of my business account. Does this create any issue while reporting professional receipts?
I live with my parents and pay them ₹28,000 monthly rent. Can I claim HRA if they report the rental income in their returns?
I contributed ₹50,000 to NPS late on 31 March, but the units were allotted in April. Can I claim the deduction for FY 2025-26?
I incurred a ₹2 lakh long-term capital loss on listed shares and earned ₹1.6 lakh short-term gain. Can these be set off against each other?
I withdrew ₹70,000 through Form 31 before completing five years of service. It is not visible in AIS. Is the withdrawal taxable or reportable?
I exchanged Bitcoin for Ethereum without converting it to rupees. Is the swap considered a taxable transfer?
One employer accidentally quoted the wrong PAN while filing the TDS return. As a result, the salary isn't appearing in my AIS or Form 26AS. Can I still file my ITR on time?
I paid only ₹18 lakh from my own savings, while the bank directly paid ₹62 lakh to the builder. Should TDS under Section 194-IA be calculated on the full property value or only my contribution?
I exercised ESOPs and sold all the shares on the same day. Apart from salary income, which ITR form should I use for this combination?
I've been filing under 44ADA for two years. This year my actual business expenses were much higher than 50%. Can I switch back to normal taxation without any restrictions?
My employer didn't reimburse Leave Travel Allowance because I submitted the bills late. Is there any way to claim the exemption directly while filing my ITR?
I received an SMS saying there's a communication from the Income Tax Department, but there are no pending actions after logging into the portal. Should I ignore it or contact the department?
I crossed ₹20 lakh turnover in May and applied for GST registration immediately. It's been over three weeks, and the application is still pending. Can I continue invoicing clients while waiting for the GST number?
My salary is ₹11 lakh and my equity mutual fund LTCG is exactly ₹1.24 lakh. I don't have any capital losses or business income. Is ITR-1 now the correct form for me?
During onboarding, I selected the new tax regime without understanding the implications. My salary is ₹17 lakh and I have home loan and 80C deductions. Can I opt for the old regime while filing?
One dividend of ₹12,500 is appearing twice in AIS, but my broker statement shows it only once. If this isn't corrected before filing, what should I report?