u/PlusFollowing5019

3D Modelling Income Under 44AD or 44ADA?

I work independently as a 3D modeller for gaming and architecture clients and earned ₹21 lakh. I'm confused because my work doesn't clearly fall under the professions listed for 44ADA. Would 44AD be more appropriate?

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u/PlusFollowing5019 — 2 days ago

Business Income Includes One-Time Referral Commission

I earned ₹2.1 lakh as referral commission from another consultant apart from my normal professional fees. Should this also be treated as professional receipts under Section 44ADA?

reddit.com
u/PlusFollowing5019 — 3 days ago

I Accidentally Filed GSTR-3B With One Wrong Invoice

One invoice of ₹1.8 lakh was reported in the wrong GST period. The books are correct, but GST turnover differs. Is this something the Income Tax Department generally questions?

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u/PlusFollowing5019 — 8 days ago

Should I Report Credit Card Cashback as Business Income?

I received approximately ₹38,000 as cashback on my business credit card used for software subscriptions and travel. Is this taxable business income?

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u/PlusFollowing5019 — 9 days ago

I Closed My Proprietorship Mid-Year

I shut down my proprietorship in November after earning around ₹14 lakh and joined a company as a salaried employee. While filing ITR-3, how should I report the discontinued business?

reddit.com
u/PlusFollowing5019 — 10 days ago

Salary + F&O + Freelancing. Is ITR-3 My Only Option?

I earned ₹14 lakh salary, ₹6 lakh from freelance consulting and made around ₹85,000 profit from F&O trading. Can presumptive taxation still be used for the consulting income?

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u/PlusFollowing5019 — 14 days ago

I Switched From Salary to Freelancing Mid-Year

I resigned in August after earning ₹9 lakh salary and then started freelancing, earning another ₹18 lakh under Section 44ADA. Should I combine everything in one return or are there separate schedules?

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u/PlusFollowing5019 — 15 days ago

Can I Continue With 44ADA if My Actual Profit Is Only 35%?

My receipts are ₹42 lakh, but after software subscriptions, contractors and travel, my actual profit is closer to ₹15 lakh. Does it still make sense to file under Section 44ADA or should I move to ITR-3?

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u/PlusFollowing5019 — 16 days ago

Can I Use 44ADA if One Client Deducted TDS Under 194C?

I'm an independent interior designer with receipts of ₹34 lakh. Most clients deducted TDS under Section 194J, but one company deducted it under Section 194C by mistake. Will this create a problem if I file under Section 44ADA?

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u/PlusFollowing5019 — 17 days ago

SIP Units Have Different Holding Periods

I redeemed part of an equity mutual fund SIP. Some units were held for more than one year and others for less. How should the redemption be split between STCG and LTCG?

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u/PlusFollowing5019 — 21 days ago

F&O Loss but No Books Maintained

I made an F&O loss of ₹3.8 lakh and have not maintained formal books. What figures should I enter in the balance-sheet and profit-and-loss schedules?

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u/PlusFollowing5019 — 29 days ago

Dividend Reinvested Without Bank Credit

A mutual fund reinvested ₹18,000 dividend into additional units instead of paying cash. Is the dividend still taxable in the year of reinvestment?

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u/PlusFollowing5019 — 1 month ago

Brokerage Expenses Missing From F&O Report

My broker’s tax report shows trading profit but excludes internet charges, advisory fees, and software subscriptions. Can I claim these separately?

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u/PlusFollowing5019 — 1 month ago

Received a Notice for High-Value Cash Deposit

I deposited ₹12 lakh cash during my father's medical emergency. I've now received a compliance notice asking for an explanation. What documents should I keep ready before responding?

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u/PlusFollowing5019 — 1 month ago

My Return Was Processed but Refund Is Lower Than Expected

I expected a refund of around ₹42,000, but the processed return shows only ₹19,000. The intimation mentions an adjustment under Section 143(1). How do I identify what changed?

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u/PlusFollowing5019 — 1 month ago

Can I File ITR Before My Bank Updates TDS?

My bank confirmed that revised TDS details will reflect in Form 26AS next week. Should I wait or file now and revise later if required?

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u/PlusFollowing5019 — 1 month ago

Can I Claim 80D if My Employer Didn't Include It?

I forgot to submit my family's health insurance premium receipts to HR. Can I still claim the deduction directly while filing my ITR?

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u/PlusFollowing5019 — 1 month ago

ITR-1 Is Live but Form 16 Isn't

My employer says Form 16 will only be issued in June, but ITR-1 is already available. Should I wait for Form 16 or can I rely on AIS, Form 26AS, and salary slips?

reddit.com
u/PlusFollowing5019 — 2 months ago