₹40 Lakh Consulting Income but ₹25 Lakh Actual Expenses

I hired subcontractors for a large project, so my actual profit is only around ₹15 lakh on ₹40 lakh receipts. Can I declare the actual profit instead of 50%, and what additional compliance would that create?

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u/Good-Sale-2130 — 2 days ago

I Received Advance GST Refund During the Year

My GST refund of ₹1.6 lakh was credited during the financial year. Does this affect business income, or is it merely a balance-sheet adjustment?

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u/Good-Sale-2130 — 3 days ago

I Received a Defective Return Notice for Business Income

Last year I received a Section 139(9) defective return notice because my gross receipts didn't match one of the schedules. Before filing this year, what are the most common mistakes business taxpayers should double-check?

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u/Good-Sale-2130 — 8 days ago

Stripe Deducted ₹1.4 Lakh Before Sending My Payment

My overseas clients paid around ₹36 lakh during the year, but Stripe deducted about ₹1.4 lakh as processing fees before remitting the amount. Under 44ADA, should I report gross receipts or only what actually reached my bank account?

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u/Good-Sale-2130 — 17 days ago

Only Part of CGAS Amount Was Used

I deposited ₹40 lakh in CGAS but used only ₹31 lakh to purchase the new house. When and how will the unused ₹9 lakh become taxable?

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u/Good-Sale-2130 — 23 days ago

March Salary Was Paid in April

My employer credited my March 2026 salary on 3 April 2026 and excluded it from Form 16. Should I report it in FY 2025-26 because it became due in March, or follow Form 16 and report it next year?

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u/Good-Sale-2130 — 24 days ago

Joining Bonus Recovered After Resignation

I received a joining bonus of ₹2 lakh last year and repaid ₹1.4 lakh after leaving the company this year. Can the repayment be reduced from my taxable salary?

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u/Good-Sale-2130 — 27 days ago

EPF Withdrawal After Switching Employers

I worked with two employers for a combined period of more than five years but withdrew the old PF account separately. Will the withdrawal remain exempt?

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u/Good-Sale-2130 — 29 days ago

Brokerage and Renovation Costs on Property Sale

I spent ₹9 lakh on renovation and ₹1.5 lakh on brokerage before selling my flat. What documents are needed to include these costs in the capital-gains calculation?

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u/Good-Sale-2130 — 1 month ago

Capital Gains Statement Doesn't Match AIS

My broker's tax report shows LTCG of ₹1.18 lakh, but AIS reflects ₹1.31 lakh because of additional transactions. Which figure should I rely on while filing?

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u/Good-Sale-2130 — 1 month ago

Do Foreign Client Payments Count Towards the ₹20 Lakh GST Limit?

I earned ₹12 lakh from Indian clients and ₹14 lakh from US clients during FY 2025-26. Since export of services is treated differently, do overseas receipts count while calculating the GST registration threshold?

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u/Good-Sale-2130 — 1 month ago

Can I File ITR Before My Home Loan Certificate Arrives?

My bank hasn't issued the home loan interest certificate yet, but I know approximately how much interest I've paid. Is it okay to estimate the deduction and revise the return later if needed?

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u/Good-Sale-2130 — 1 month ago

My Broker Report and AIS Show Different Capital Gains

My broker's tax report shows LTCG of ₹1.08 lakh, but AIS reflects ₹1.14 lakh. Which figure should I use while filing my return?

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u/Good-Sale-2130 — 2 months ago