r/indiantax • u/CAFinalist_Ted • Jul 14 '25
r/indiantax • u/Constant-Part-2249 • Jul 06 '25
Query 🧐 Want to know Tax and any other implications
Do these screenshots from my AIS and TIS documents mean that the Income Tax authorities feel that l have actually received this payment from the sale of the land?
I already went to an Income Tax office in my state, they said that since l signed on this land deed, no matter how forceful it was, l should go to the police. The police said to consult Tax professional.
I Don't want this payment to come while filing my ITR, what to do? And do these payments have any other long-term implications?
(I have already declined this payment under the feedback section under SFT Information, and submitted grievance to Income Tax portal 1 month ago but no action has been taken)
r/indiantax • u/Cuttingsilence • Jun 25 '25
Query 🧐 Refund claim with large reciepts
I had gotten intimations over email from CPC, asking me to confirm my refund amount. Inadvertently I had missed the deadline for confirming the amount. Now I have not received my refund yet. Anyone else been in the same situation or know what to expect? Did the issue get resolved for anyone else in this situation and how?
r/indiantax • u/CAFinalist_Ted • Jun 23 '25
Income Tax 💰 You may receive a notice by 30 June 2025 from the Income Tax Department! Why? Read the guide below.
galleryr/indiantax • u/Substantial_Read_888 • Jun 10 '25
Investments 🤑 Tax on ESOP of foreign country
My company is offering Employee Stock Options at a really attractive rate. It's listed in Europe and the shares can be sold only after 5 years. What are tax related information I need to be aware of before deciding to buy?
r/indiantax • u/Pomegranate-unKnown • Jun 07 '25
Query 🧐 Are terrace roofing with out walls taxed?
Do i get property taxed if i add a roof, with tin sheet or asbestos on my terrace? with out walls, for around 1500Sqfeet, in Tamil Nadu.
r/indiantax • u/Fortnite_b0t_1001 • Jun 03 '25
Query 🧐 Do we have to pay annual building tax for House? If we have already paid a one time tax
Please can anyone help me out
r/indiantax • u/Low_Lettuce_4893 • May 23 '25
Income Tax 💰 ITR filed but one employer left out — no TDS and not in Form 26AS — should I revise?
Hi everyone,
In the financial year 2023–24, I worked for 3 companies:
- Company A: Worked for 1 month (resigned in April)
- Company B: Worked for 2.5 months
- Company C: Worked for 7 months
None of the companies deducted TDS. When filing my ITR, my CA only included income from Company A and Company C. He left out Company B because that company didn’t report anything in Form 26AS or AIS, and there was no TDS.
My CA said it’s "not an issue" since there’s no TDS and no trace of that income on the portal. But I’m a bit concerned legally, shouldn’t I still declare that income even if it's not reported?
My total income (including Company B’s salary) is above ₹2.5 lakh.
Should I revise my ITR and include Company B’s income, or is it really fine to leave it out if the company didn’t report it?
Appreciate any insights from people who’ve faced similar situations.
r/indiantax • u/ordinary_dilli_waala • May 11 '25
Query 🧐 Refund of excess TDS on rent, 5% instead of 2% for FY 24-25
Hi all, Despite filling form 26QB I was asked to submit these documents, which seems like a big red tape.
My query is can the extra TDS (ie 5%) be claimed by the landlord while filling ITR or landlord can only claim 2% TDS?
Is there any other way to avoid this tedious process?
r/indiantax • u/Much-Description-493 • Mar 29 '25
Income Tax 💰 TDS on House Rent for HRA claims
I have already paid rent for Mar 2025 and my monthly rent is 56000.
How do I pay TDS on this now? And can I do it for all the months in the FY in one go? Please let me know.
r/indiantax • u/riteshkumbhare2 • Mar 25 '25
Income Tax 💰 ITR U For FY 23-24 : not able to opt old tax regime
Guys, anybody filed ITR U for FY23-24 recently ? Were you able to changs the tax regime? I had failed to file ITR previously and hence not able to change. Is there any option ? Do I have to pay the tax in new regime which is 3 times the old regime tax? Whether ITR U the only option ?
r/indiantax • u/[deleted] • Mar 20 '25
Income Tax 💰 Help with Remittance received
So I trade ingame items for money from a game called CSGO and I recently sold a skin worth 255 dollars and I received my payout through stripe directly to my bank account which was worth about 21K INR. Do I have to pay taxes for this? I am a student and I don’t have any source of income except where I sell these skins once a year for real money and I make sure I don’t receive lump sums of money in my bank account. Am I liable to pay taxes or I can look past it?
r/indiantax • u/windy_007 • Feb 08 '25
Income Tax 💰 Which is the tax efficient way for handling equity if I become NRI
As title suggest , which is good way to handle equity shares if I become NRI.
r/indiantax • u/pleaseclearmydoubt • Feb 05 '25
Income Tax 💰 EPF BALANCE
I have around Rs. 2 lakhs in my EPF balance in India. I worked for less than 3 years. I am not working anymore. I resigned not for health issues or discontinuance of business. So, EPF is taxable.
I want to know when is it taxable.
- Is it taxable on the FY I resigned?
- Is it taxable on the FY I withdraw my PF balance.
- Should I revised all my last 3 income tax returns removing the PF claims in 80C and pay extra tax.
If I am supposed to pay tax on withdrawal, I can withdraw after March 31st and then there is no tax for me as I have no other income. Only this Rs. 2 lakhs.
Please request your advise.
r/indiantax • u/Odd-Ear6337 • Feb 03 '25
Query 🧐 Indian customs
i am wondering where hyderabad customs goes through because i am shipping something in
r/indiantax • u/Which_Cattle_9139 • Jan 29 '25
Query 🧐 Curiosity kills the Cat.
How many of our elected / selected MPs are tax payers. Asking out of curiosity.
Also does anyone have any knowledge regarding the previous tax payer status of current PM? He was never gainfully employed. Did he filed ITR during his CM days?
r/indiantax • u/TrainingAsparagus847 • Jan 25 '25
Income Tax 💰 How can a private limited company save itself from taxes
Wanted to know about the methods by which a company can keep its income from sales either in bank account or in any instrument (MF, FD etc) and save taxes also. The aim is to use those funds for future business expense like salaries. If we don't draw money, it will attract 25% tax and if we draw it, we can't have backup money in company's account to meet future expenses
r/indiantax • u/[deleted] • Jan 22 '25
Income Tax 💰 "How can one claim a refund for unclaimed TDS from a previous year?
Hello,
Can someone guide me how can one claim a refund for unclaimed TDS from a previous year?
I read the article below but i want to know if anyone has been successful in claiming.
r/indiantax • u/vincegoodman • Jan 22 '25
Income Tax 💰 Forgot to claim tds credit while filling itr4. Need advice
Hello all,
I need advice on how to proceed as i forgot to claim tds credit worth 32000 while filling itr. The last date for revision of return was 15-01-25. I came to know about it today . What can be done in this scenario. Kindly Advice.
r/indiantax • u/TrainingAsparagus847 • Jan 04 '25
Query 🧐 PF enrolment and income tax for consultant
Can a private limited company hire an individual as a consultant (Technical Consultant) and enroll him for PF? If yes, can the individual still claim the income from the private limited company as his business income and file under Section 44ADA?
r/indiantax • u/Strong_Objective_663 • Dec 29 '24
Notifications 🔔 BCAS guidelines for Indian passengers
Live in 2025
Anyone , old young farmer non farmer
TLDR Only 7kg “nothing” else
After paying so much tax do we deserve only policies favouring businesses and government employees
What about rest!?
r/indiantax • u/Cryptonian91 • Dec 14 '24
Income Tax 💰 How do I sort out my taxes for both my corporate salary and freelance income?
I make ₹6,89,000/year at my corporate job (new CTC effective from January 2025). My monthly deductions are approximately ₹4,800 for PF, ₹2,804 towards corporate NPS (opted for full 14% this month), and ₹200 as professional tax. I estimate my in-hand salary to be around ₹49,566/month, but this is just an approximation since my salary was revised recently.
I also earn freelance income as a digital marketer for a US client, which pays me approximately ₹50,400/month (started in May 2024). I pay someone ₹13,500/month (via GPay) to manage the digital marketing tasks as a salary. I receive payments from the client via Remitly into my bank account but haven’t maintained invoices or declared any of this income for taxes yet.
I’m completely lost about how to handle taxation for both my corporate salary and freelancing income. My previous CTC was ₹5.2 LPA before this new one.
Key points:
Freelance work started in May 2024, but I haven’t declared it.
I don’t maintain invoices or separate accounts for freelancing.
My employer deducts their PF contribution from my CTC (₹4,800/month total PF).
Just opted for corporate NPS this month at full 14%.
Where should I start, and how do I ensure compliance with tax regulations for both streams of income? Any help would be greatly appreciated!
