r/IncomeTax_India

Wrong Tax Regime Selected by Employer

My company deducted TDS throughout the year under the new regime, but after checking deductions, old regime looks better for me. Can this still be corrected while filing the return?

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u/Adventurous_Leek_495 — 11 hours ago

Can ITR-4 Be Filed for Freelance Marketing Income?

I earned around ₹14 lakh through freelance social media management and content projects this year. Since ITR-4 is available now, can digital marketing freelancers comfortably use 44ADA?

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u/Electronic_Loan_4266 — 13 hours ago

Employer Hasn’t Issued Form 16 Yet

Filing season has started and ITR-1 is already live, but my company said Form 16 will only be issued next month. Can salaried employees file before receiving Form 16 if all salary credits are visible in bank statements?

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u/Superb-Business-6725 — 13 hours ago

GST Registration Created More Confusion Than Relief

I recently registered for GST after crossing ₹20 lakh turnover as a freelancer. Now I’m confused about monthly filings, LUT requirements for export services, and whether foreign clients should be charged GST at all. Why does compliance suddenly become so complicated once income starts growing?

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u/Adorable-Run-8184 — 17 hours ago

44ADA Feels Easy but Also Risky

I’m an architect earning around ₹42 lakh annually. Everyone says 44ADA is the simplest option because I can directly declare 50% profit without maintaining detailed books. But what if my actual expenses are much higher than 50%? Does choosing presumptive taxation create limitations later?

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High Salary but Still No Real Tax Planning

My annual CTC is around ₹27 lakh and monthly in-hand salary feels decent, but during filing season I suddenly realize how much tax gets added because of bonuses, RSUs, FD interest, and investments. Beyond basic 80C deductions, how are salaried professionals realistically planning taxes now?

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HRA and Home Loan Claimed Together

I currently stay on rent in Bengaluru because my office is nearby, but I also pay EMI for a flat purchased in Pune where my parents stay. I want to claim both HRA and home loan deductions together. Some colleagues warn this combination attracts scrutiny. Is that actually true?

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u/Drishti2898 — 1 day ago

First Time Freelancer Forgot About Advance Tax

My freelance income increased from ₹9 lakh to ₹28 lakh for FY 2025-2026 year because of consulting projects. Nobody informed me about advance tax earlier, and now I’m hearing interest under Sections 234B and 234C applies if tax due exceeds ₹10,000. How to avoid it?

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u/Valuable-Course-883 — 3 days ago

Freelancer Crossed ₹20 Lakh Turnover in May

I am a freelance designer working with Indian and international clients. My turnover already crossed ₹20 lakh in May because of a few foreign projects. Payments mostly come through Wise and PayPal. Do I need immediate GST registration after crossing the limit or can it wait till year-end filing?

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u/Valuable-Course-883 — 3 days ago

Salary + Freelancing + Stocks. Which ITR Form Applies Now?

I have a ₹21 lakh salaried job and also earned around ₹7 lakh from freelance consulting this year. Apart from that, I booked short-term gains from stocks and mutual funds. Some people are suggesting ITR-4 under presumptive taxation while others say ITR-3 is compulsory now. Which form actually applies here?

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u/Electronic_Loan_4266 — 3 days ago

Remote US Income but Indian Tax Filing Confusion

I worked remotely for a US startup and received around $48,000 directly in my Indian account during FY 2025-26. Since the US follows calendar year while India follows financial year, how are people practically calculating and reporting foreign income correctly in Indian ITR?

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u/Adorable-Run-8184 — 3 days ago

Sold Property and Now Completely Confused About Capital Gains

I sold a property this year and made around ₹75 lakh long-term capital gains. I’m planning to buy an under-construction flat worth ₹1.7 crore. Some relatives are suggesting Section 54 while others are recommending 54EC bonds too. What’s the most practical way people legally reduce capital gains tax in such situations?

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u/Alternative-Sun-6993 — 3 days ago

Side Hustle Slowly Became a Full Business

I already have a salaried job with ₹16 lakh package, but my YouTube income, affiliate earnings, and paid workshops together crossed ₹11 lakh this year. Most payments came through sponsorships and Razorpay. At what point does side income officially become business income during ITR filing?

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u/Electronic_Loan_4266 — 3 days ago

₹18 Lakh Salary and Still Confused About Tax Regime

I earn around ₹18 lakh annually and currently claim ₹1.5 lakh under 80C, ₹2 lakh home loan interest, and HRA benefits. After the revised tax slabs and rebate discussions in Budget 2025, many colleagues are shifting to the new regime. Is old regime still worth it at this income level or are salaried employees now mostly moving to the new regime?

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u/Adorable-Run-8184 — 3 days ago

ESOP Taxation Sounds Worse Than Expected

My startup recently allowed ESOP exercise at ₹120 per share while the latest FMV is around ₹500. HR mentioned tax applies on the difference itself. Does this mean I’ll pay tax even before selling shares? What happens if startup valuation drops later?

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u/Superb-Business-6725 — 3 days ago
▲ 4 r/IncomeTax_India+1 crossposts

Dear Reddit team

Please help for tds rectification as I have deposited form 142 immovable property purchase against wrong pan
What is process for rectification in new portal
Please any one can confirm
How much time it will take to reflect in portal ?
My home possession is delayed due to this

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u/Adventurous_Leek_495 — 3 days ago
▲ 8 r/IncomeTax_India+2 crossposts

How to deal with ITR demand notice

Today I have received ITR demand notice of 1 lakh. I have already paid some amount in last December but I was surprised to see new demand notice. It looks there is mismatch between old regime and new regime in ITR while filing.

I have opted old regime in my office and submitted deductions but looks like they have not considered that. I am looking for expert (CA/Tax professional with similar experience) for help to resolve this issue.

Also, I missed a notification from them in January that I have filed after due date and hence allowances are not considered. Now due date already crossed to reply to that notification.

Please help

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u/Fine_Ad9385 — 3 days ago
▲ 6 r/IncomeTax_India+1 crossposts

Looking for a CA, who is thorough and experienced in applying for immunity in misreporting cases as per new financial act 2026 ?

Not compulsory but preferably from Bengaluru.

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u/Ill_Firefighter1836 — 3 days ago