u/Shot-Hurry8771

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?

reddit.com
u/Shot-Hurry8771 — 2 days ago

Utility Doesn't Accept My Cash Balance of Zero

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?

reddit.com
u/Shot-Hurry8771 — 3 days ago

Professional Income Was Received After Deducting TCS

One overseas marketplace deducted TCS before remitting my consulting fees. Should gross receipts include the TCS amount even though I never received it?

reddit.com
u/Shot-Hurry8771 — 7 days ago

I Have Business Income and One Foreign Bank Account

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?

reddit.com
u/Shot-Hurry8771 — 8 days ago

Utility Doesn't Allow Negative Closing Stock

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?

reddit.com
u/Shot-Hurry8771 — 9 days ago

My Business Expenses Exceed 50% of Receipts

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?

reddit.com
u/Shot-Hurry8771 — 10 days ago

Business Expenses Are Almost Nil. Is 44ADA the Obvious Choice?

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?

reddit.com
u/Shot-Hurry8771 — 15 days ago

Client Paid Me Through Wise but AIS Doesn't Show Anything

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?

reddit.com
u/Shot-Hurry8771 — 16 days ago

Property Purchased Before Construction Was Completed

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?

reddit.com
u/Shot-Hurry8771 — 22 days ago

Professional Receipts and Salary Income Together

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?

reddit.com
u/Shot-Hurry8771 — 23 days ago

HRA Claimed for Only Part of the Year

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?

reddit.com
u/Shot-Hurry8771 — 27 days ago

F&O Turnover Differs Between Brokers

Two broker tax reports use different methods for calculating F&O turnover. Which method should I follow for tax-audit eligibility?

reddit.com
u/Shot-Hurry8771 — 29 days ago

Crypto Purchase Cost Is Not Available

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?

reddit.com
u/Shot-Hurry8771 — 1 month ago

Consultant Received Reimbursements From Clients

Clients reimbursed ₹3.2 lakh in travel and hotel expenses separately from my consulting fees. Are reimbursements included in gross receipts under 44ADA?

reddit.com
u/Shot-Hurry8771 — 1 month ago

Employer Didn't Consider My Rent Receipts

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?

reddit.com
u/Shot-Hurry8771 — 1 month ago

Can I Claim HRA and Home Loan Together?

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?

reddit.com
u/Shot-Hurry8771 — 1 month ago

I Received a Tax Demand of ₹3,420

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?

reddit.com
u/Shot-Hurry8771 — 1 month ago

My Residential Status Changed During the Year

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?

reddit.com
u/Shot-Hurry8771 — 1 month ago

I Forgot to Report One FD Last Year

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?

reddit.com
u/Shot-Hurry8771 — 1 month ago

Can I File ITR-4 if One Client Paid Me in Cash?

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?

reddit.com
u/Shot-Hurry8771 — 1 month ago