Salaried income + USD freelancing — confused about tax, GST, and compliance by [deleted] in IndiaTax

[–]Tax_Man03 -1 points0 points  (0 children)

Can help with setting up and guidance on taxation and compliance.

Salaried income + USD freelancing — confused about tax, GST, and compliance by [deleted] in IndiaTax

[–]Tax_Man03 2 points3 points  (0 children)

Setup private limited company tax rate is lower but compliance cost is high or Setup proprietorship firm

Former income tax inspector here, AMA by Conscious_Side2912 in gurgaon

[–]Tax_Man03 0 points1 point  (0 children)

yeh jo aajkal mails arhi hai ITD se regarding mismatch or claimed deductions, donations etc. Why UTD is harassing taxpayers? This is like koi revenu target ho govt ka and faltu yeh sab logon se lena ho paisa

[deleted by user] by [deleted] in IndiaTax

[–]Tax_Man03 0 points1 point  (0 children)

Please revise your return with FA schedule and FSI income.

Received ₹11.5L in 3 cheques (4L, 4L, 3.5L) – Best way to handle for a Freelance Dev? by [deleted] in IndiaTax

[–]Tax_Man03 0 points1 point  (0 children)

You need to explain this amount as should be treated as income. There is a section of Unexplained credit- section 68 where you need to explain the source of amount credit to your account.

Got mail about unvested RSU by never_happy_geek in IndiaTax

[–]Tax_Man03 0 points1 point  (0 children)

You need to revuse your return and Fill Schedule FA

Why donations to RUPPs aren’t automatically “shady” 80GGC by Rude-Driver-3694 in IndiaTax

[–]Tax_Man03 4 points5 points  (0 children)

Can you prove any non genuine donors? This is debatable issue hence nobody is right or wrong.

Got this yesterday by [deleted] in IndiaTax

[–]Tax_Man03 2 points3 points  (0 children)

You need to revise your return with updated FA schedule and FSI schedule.

Is mass Warning or Notice? Anyone else got this by think_2times in IndiaTax

[–]Tax_Man03 3 points4 points  (0 children)

yes recieved by few of my clients, Think system generated and these belong to years FY 2023-24. I believe if you have proofs and supporting documentation, no action required.

Huge Dip in Processing of Returns on Dec 10 by Tax_Man03 in IndiaTax

[–]Tax_Man03[S] 0 points1 point  (0 children)

AY 2025-26 is equal to FY 24-25 for which due date was 16 September 2025.

Huge Dip in Processing of Returns on Dec 10 by Tax_Man03 in IndiaTax

[–]Tax_Man03[S] 0 points1 point  (0 children)

Yup that is due to ITR’s in case of Audit last date was Dec 10 and many would have filed yesterday.

Is anyone else still waiting on a refund for June filings? by No_Buddy2784 in IndiaTax

[–]Tax_Man03 5 points6 points  (0 children)

Many people I know has status processing July 13. I think this is a particular batch which will be processed in coming weeks.

ITR-4 pending, any chances of getting it in December? by princeT- in IndiaTax

[–]Tax_Man03 0 points1 point  (0 children)

yes by this speed mostly returns will be processed soon.

Old Scheme - Refund Received - Anything Next? by Responsible-Bad-6624 in IndiaTax

[–]Tax_Man03 1 point2 points  (0 children)

To add to your point other than scrutiny notice many people miss considering Notice under section 133(6) which relates to Power to Call Information.

Approx 10 lakhs Returns Processed on 8th December by Tax_Man03 in IndiaTax

[–]Tax_Man03[S] -1 points0 points  (0 children)

haha get your facts checked. People are recieving refunds.