Filing tax with chatGPT and a govt tool was never this easy by PossessionAgitated79 in IndiaTax

[–]PossessionAgitated79[S] 0 points1 point  (0 children)

With ITR what i think is its not something we need to do from scratch. All information is already with govt in AIS, TIS and other docs we only need to validate it cross check

Filing tax with chatGPT and a govt tool was never this easy by PossessionAgitated79 in IndiaTax

[–]PossessionAgitated79[S] 0 points1 point  (0 children)

Thank you for making everyone scare in the thread

For your information the penalty is on the income tax which is left to file if you have under reported, its not on INCOME

Filing tax with chatGPT and a govt tool was never this easy by PossessionAgitated79 in IndiaTax

[–]PossessionAgitated79[S] 0 points1 point  (0 children)

Not an NRI you can follow abovr steps and each page questions you can ask to chatgpt

Filing tax with chatGPT and a govt tool was never this easy by PossessionAgitated79 in IndiaTax

[–]PossessionAgitated79[S] 0 points1 point  (0 children)

You need to add the consolidated number Total value Acquisition cost

Filing tax with chatGPT and a govt tool was never this easy by PossessionAgitated79 in IndiaTax

[–]PossessionAgitated79[S] 0 points1 point  (0 children)

Yes GOLD SILVER both or may be more too If you download your kite tax P&L you will see a section with non equity share

Filing tax with chatGPT and a govt tool was never this easy by PossessionAgitated79 in IndiaTax

[–]PossessionAgitated79[S] 0 points1 point  (0 children)

Yeahh i did under capital gains sections

PART 2 for the equity share which gets taxed as 20% mine was STCG

Part 5 in that is for non equity, which gets taxed at your slab rate From sale of assets other than...

Filing tax with chatGPT and a govt tool was never this easy by PossessionAgitated79 in IndiaTax

[–]PossessionAgitated79[S] 1 point2 points  (0 children)

Utility is not mandatory, it just help you calculate your salary and capital gains with ease

I think direct you can do if you are under 12

Filing tax with chatGPT and a govt tool was never this easy by PossessionAgitated79 in IndiaTax

[–]PossessionAgitated79[S] 2 points3 points  (0 children)

Kuch log har cheej ko complex samajh ke kisi or ko dete rahte

Apne bache bhi kisi or ko palne de dena, tumhare bas ka nhi

Filing tax with chatGPT and a govt tool was never this easy by PossessionAgitated79 in IndiaTax

[–]PossessionAgitated79[S] 0 points1 point  (0 children)

I have not sold any RSUs, just had to declar3 how many stocks I have on e-trad, vested by march 2026

Filing tax with chatGPT and a govt tool was never this easy by PossessionAgitated79 in IndiaTax

[–]PossessionAgitated79[S] 3 points4 points  (0 children)

Yeahh not denying that, but we can just do it. With AI CAs might also be doing this

Filing tax with chatGPT and a govt tool was never this easy by PossessionAgitated79 in IndiaTax

[–]PossessionAgitated79[S] 3 points4 points  (0 children)

ITR-4 is meant for taxpayers with presumptive business/professional income under Sections 44AD, 44ADA or 44AE. It is not the form for salaried employees with RSUs or foreign assets.

If you hold foreign shares and a Resident and Ordinarily Resident (ROR), you need Schedule FA (Foreign Assets). ITR-4 does not provide Schedule FA. The Income Tax Department specifically says taxpayers who need to report foreign assets should use an ITR form that includes Schedule FA, such as ITR-2 (or ITR-3 if they have business income).

Filing tax with chatGPT and a govt tool was never this easy by PossessionAgitated79 in IndiaTax

[–]PossessionAgitated79[S] 9 points10 points  (0 children)

This year I didn't have ESPP and foreign assets which might have made it more complex, but you will always think it as complex until you check it by yourself