I Filed ITR-3 but Forgot to Report One Foreign Client
One invoice of around $2,300 from a UK client was completely missed while filing. Since the money came through Wise and not TDS, how serious is this omission?
One invoice of around $2,300 from a UK client was completely missed while filing. Since the money came through Wise and not TDS, how serious is this omission?
I receive and make all payments digitally, so I don't maintain cash. The balance sheet validation keeps highlighting the cash field. What should be entered?
One overseas marketplace deducted TCS before remitting my consulting fees. Should gross receipts include the TCS amount even though I never received it?
I worked abroad until 2023 and still maintain an overseas savings account with a small balance. While filing ITR-3 for my Indian business income, do I need to disclose this account every year?
I provide consulting services and don't have inventory, but the utility is asking about opening and closing stock in Schedule BP. Can I leave these fields blank?
Professional receipts were ₹41 lakh, but due to hiring subcontractors and travel, expenses crossed ₹24 lakh. Would choosing ITR-3 instead of 44ADA be more appropriate?
I'm a management consultant working from home with receipts of ₹31 lakh. Apart from internet and laptop costs, I barely have any expenses. Is there any downside to choosing presumptive taxation?
Around ₹19 lakh was received from US clients through Wise. None of these receipts appear in AIS or Form 26AS. Is this normal for foreign remittances?
I booked an under-construction flat in 2018, received possession in 2023, and sold it in 2026. Which date determines whether the gain is long-term?
I earned ₹16 lakh salary and ₹6 lakh from weekend consulting. Can I use ITR-4 for the professional income, or does salary plus consulting require another form?
I worked remotely from my hometown for six months and rented a flat near the office for the remaining six months. How should HRA exemption be calculated?
Two broker tax reports use different methods for calculating F&O turnover. Which method should I follow for tax-audit eligibility?
I transferred old crypto holdings from an overseas wallet to an Indian exchange and later sold them. How do I establish the purchase cost without complete records?
Clients reimbursed ₹3.2 lakh in travel and hotel expenses separately from my consulting fees. Are reimbursements included in gross receipts under 44ADA?
I forgot to submit rent receipts before payroll closed, so no HRA exemption was given in Form 16. Can I still claim the exemption while filing the return?
I work in Bengaluru and live in a rented apartment, while I own a flat in Pune that's currently vacant. Can I legally claim both HRA and home loan benefits in the same financial year?
My return has been processed, and instead of a refund, I've received a demand of ₹3,420. Should I simply pay it or first verify whether the calculation is correct?
I returned to India in November after working abroad for three years. How do I determine my residential status while filing for FY 2025-26?
I recently found an old fixed deposit that earned around ₹8,000 interest during FY 2024-25. I didn't include it in last year's return. Should I file an updated return now?
I'm a freelance interior designer with gross receipts of ₹36 lakh. Around ₹2.2 lakh was received in cash from one client, while the rest came through bank transfers. Can I still opt for Section 44ADA?