#how to file itr for freelancer

[vakilkarosblog]

Introduction:

In today's dynamic economy, freelancers and gig workers play a pivotal role. As independent professionals, they relish the freedom and flexibility in their work, coupled with the responsibility of managing their finances, including the filing of Income-Tax Returns (ITRs). This article aims to delve into the specifics of ITR filing tailored for freelancers and gig workers, shedding light on the essential aspects of the process.

Understanding the Significance of ITR Filing:

Filing an Income-Tax Return is a mandatory requirement for every individual, including freelancers and gig workers, who have earned income during a financial year. This process not only aids the government in tracking taxable income but also ensures that individuals contribute their due share towards the nation's development.

Key Components of ITR Filing for Freelancers and Gig Workers:

Maintaining Accurate Records: Freelancers and gig workers should meticulously document their earnings, expenses, and receipts. This not only enables an accurate calculation of taxable income but also serves as crucial evidence in case of an audit.

Distinguishing Gross and Net Income: It's paramount for freelancers to differentiate between gross income (total earnings before deductions) and net income (earnings after accounting for expenses). The latter is the taxable income.

Classifying Income Sources: Freelancers often have multiple sources of income. It's imperative to categorize them correctly, including fees for services, royalties, or income from rental properties.

Understanding Deductions and Exemptions: Familiarity with deductions and exemptions applicable to specific professions is crucial. This may encompass deductions for business expenses, home office costs, or exemptions under Section 44ADA for certain professionals.

Choosing the Appropriate ITR Form: The selection of the ITR form hinges on the nature of income and the taxpayer's status. Freelancers and gig workers commonly utilize ITR-4 (Sugam) or ITR-3 (for those with business income) for filing their returns.

E-Filing and Digital Signature: The ITR filing process has predominantly transitioned to an online platform. Therefore, freelancers should be well-versed in the e-filing procedure and may require a digital signature for authentication.

Compliance with Due Dates: Adhering to the specified due dates for ITR filing is pivotal to avoid penalties and interest charges.

Declaration of Foreign Assets and Income (if applicable): Freelancers conducting business with foreign clients or earning income in foreign currency must accurately declare these assets and earnings.

Conclusion:

Filing Income-Tax Returns constitutes an integral facet of the financial responsibilities for freelancers and gig workers. Understanding the intricacies of ITR filing ensures compliance with tax laws and paves the way for a seamless tax season. By maintaining meticulous records, grasping deductions, and adhering to the ITR filing process, freelancers can navigate the taxation landscape with confidence and ease.

[fincrif]

How to Get a Personal Loan If You Are a Non-Salaried Individual?

Introduction

A personal loan is a popular financial tool that provides quick funds for various needs such as medical emergencies, home renovation, education, travel, or business expansion. However, most lenders prefer salaried individuals due to their stable income and financial security. This raises an important question: Can a non-salaried individual get a personal loan?

The good news is that self-employed professionals, freelancers, business owners, and gig workers can still qualify for a personal loan. Although the approval process may be slightly different, several banks and NBFCs (Non-Banking Financial Companies) offer personal loans to non-salaried individuals based on their income stability, credit history, and financial documents.

In this guide, we will explore the eligibility criteria, required documents, best lenders, and tips to increase your chances of securing a personal loan if you are a non-salaried individual.

Challenges Faced by Non-Salaried Individuals in Getting a Personal Loan

Since a personal loan is unsecured, lenders assess the applicant’s ability to repay the loan before approval. Non-salaried individuals, including business owners, freelancers, and consultants, often face the following challenges when applying for a personal loan:

❌ Irregular Income – Unlike salaried employees who receive a fixed monthly salary, self-employed individuals may have fluctuating income, making it harder to prove financial stability. ❌ Higher Interest Rates – Lenders consider non-salaried borrowers as high-risk applicants, leading to higher interest rates. ❌ Strict Eligibility Criteria – Banks and NBFCs may require additional documents such as income tax returns (ITR), business proof, or GST filings. ❌ Shorter Loan Tenure – Some lenders offer shorter repayment terms to non-salaried borrowers, increasing monthly EMI burden.

Despite these challenges, non-salaried individuals can still qualify for a personal loan by meeting the lender’s requirements and improving their financial profile.

Eligibility Criteria for a Personal Loan as a Non-Salaried Individual

Each lender has different eligibility criteria, but general requirements include:

✔️ Minimum Age – Applicant must be between 21 to 60 years. ✔️ Income Stability – Must have a stable income source from business, freelancing, or investments. ✔️ Credit Score – A credit score of 700+ increases approval chances. ✔️ Business Vintage – For self-employed individuals, the business must be operational for at least 2 years. ✔️ Banking Transactions – Strong banking history with regular income deposits is required. ✔️ Loan Amount – Based on financial profile, lenders offer loans from ₹50,000 to ₹50 lakh.

If you meet these criteria, you stand a good chance of getting a personal loan as a non-salaried borrower.

Documents Required for a Personal Loan Without a Salary Slip

Since non-salaried individuals cannot provide salary slips, lenders require alternative financial documents such as:

📌 Identity Proof – Aadhaar Card, PAN Card, Passport, or Voter ID. 📌 Address Proof – Utility Bills, Rental Agreement, or Driving License. 📌 Income Proof – Income Tax Returns (ITR) for the last 2 years (mandatory for self-employed). 📌 Bank Statements – Last 6-12 months’ bank statements to show consistent cash flow. 📌 Business Proof (if applicable) – GST registration, business license, or shop establishment certificate. 📌 Form 16 or Audited Financial Statements – For professionals such as doctors, lawyers, and consultants.

Having the right documents ready can speed up the loan approval process and improve your chances of getting a personal loan.

Best Personal Loan Options for Non-Salaried Individuals

Several banks and NBFCs offer personal loans to self-employed individuals, freelancers, and business owners. Here are some of the best lenders:

1. HDFC Bank Personal Loan for Self-Employed

✅ Loan Amount – ₹50,000 to ₹40 lakh ✅ Interest Rate – 10.75% - 20% per annum ✅ Tenure – 12 to 60 months ✅ Eligibility – Minimum 2 years of business stability required

2. Bajaj Finserv Flexi Personal Loan

✅ Loan Amount – Up to ₹35 lakh ✅ Interest Rate – Starts at 12% per annum ✅ Tenure – Up to 5 years ✅ Special Feature – Withdraw funds as needed and pay interest only on the utilized amount

3. ICICI Bank Personal Loan for Self-Employed

✅ Loan Amount – ₹50,000 to ₹25 lakh ✅ Interest Rate – 11.25% onwards ✅ Tenure – Up to 6 years ✅ Eligibility – Minimum ₹2 lakh annual income required

4. Fullerton India Personal Loan for Freelancers

✅ Loan Amount – Up to ₹10 lakh ✅ Interest Rate – Starts at 15% ✅ Tenure – Up to 48 months ✅ Eligibility – Must show steady freelance income

These lenders provide tailored personal loans for non-salaried individuals with competitive interest rates and flexible repayment options.

How to Improve Your Chances of Loan Approval?

If you are a non-salaried individual, follow these tips to increase your chances of getting a personal loan:

✔️ Maintain a Strong Credit Score – A credit score above 700 increases approval chances and lowers interest rates. ✔️ Show Consistent Income – Ensure that your bank statements reflect regular deposits to prove income stability. ✔️ Reduce Existing Debt – Lower your Debt-to-Income (DTI) ratio to get better loan terms. ✔️ Apply for a Smaller Loan Amount – If your income is inconsistent, opt for a lower loan amount to improve approval chances. ✔️ Choose a Reputed Lender – Apply with lenders offering personal loans for non-salaried borrowers. ✔️ Add a Co-Applicant or Guarantor – If your income is low, adding a co-applicant (such as a family member) improves loan eligibility.

By following these strategies, non-salaried individuals can successfully secure a personal loan with minimal hassle.

Final Thoughts: Can Non-Salaried Individuals Get a Personal Loan?

Yes! Non-salaried individuals, including self-employed professionals, freelancers, and business owners, can get a personal loan without collateral. While the process may be slightly different, banks and NBFCs offer personal loans based on income stability, credit score, and financial history.

To improve approval chances: ✔️ Maintain a strong credit score ✔️ Ensure steady income deposits in your bank account ✔️ Keep necessary documents ready ✔️ Compare loan offers for the best interest rates

If you are a self-employed borrower looking for the right personal loan, explore options from leading banks and NBFCs at www.fincrif.com for expert insights!

[jjtax]

Understanding Tax Refunds: JJ Tax made it easy

Handling tax refunds can seem overwhelming, but having a clear grasp of the process can make it straightforward. This newsletter aims to demystify tax refunds by covering key aspects: eligibility criteria, claiming procedures and tracking your refund status.

What is a Tax Refund?

A tax refund represents the amount returned to taxpayers who have overpaid their taxes over the fiscal year. This situation arises when the total tax deducted or paid exceeds the actual tax liability determined based on their income.

In India, tax payments are made through TDS (Tax Deducted at Source), advance tax, or self-assessment tax. When the total tax paid or deducted surpasses your tax liability as calculated in your Income Tax Return (ITR), the excess amount is refunded. This mechanism ensures taxpayers are reimbursed for any overpayments.

Who is Eligible for a Tax Refund?

Eligibility for a tax refund depends on various factors:

Excess Tax Payments If your TDS or advance tax payments exceed your tax liability, you’re eligible for a refund. This often applies to salaried employees, freelancers, and individuals with taxable investment income.

Claiming Deductions If you claim deductions under sections like 80C, 80D, etc., and these deductions lower your tax liability below the total tax paid, a refund may be due.

Filing an Income Tax Return Only those who file their Income Tax Return can claim a refund. The return must accurately reflect your income, deductions, and tax payments to establish if a refund is warranted.

Losses to Set Off If you have losses from previous years or the current year that can be carried forward and set off against current year income, you might be eligible for a refund if these losses reduce your tax liability.

Who is Not Eligible for a Tax Refund?

Certain situations or individuals may not qualify for a tax refund:

Income Below Taxable Threshold If your total income is below the taxable limit, a refund may not be applicable.

Salary Below Government Criteria Individuals earning below the minimum threshold specified by the Government of India may not qualify for a refund.

No Overpayment If your tax payments match your tax liability or you haven’t overpaid, a refund will not be available.

Non-Filers or Incorrect Filers Those who fail to file their Income Tax Return or file it incorrectly will not be eligible for a refund. Proper filing is essential for initiating the refund process.

Invalid Deductions Claims for deductions that do not meet tax regulations or lack valid documentation may result in a refund rejection.

Incorrect Bank Details If the bank account information provided in your ITR is incorrect or incomplete, the refund may not be processed.

How to Claim Your Tax Refund

Here’s a step-by-step guide to claiming your tax refund:

File Your Income Tax Return (ITR) Access the Income Tax Department’s e-filing portal. Choose the correct ITR form based on your income sources and eligibility. Accurately complete all required details, including income, deductions, and tax payments.

Verify Your ITR Verify your ITR using Aadhaar OTP, net banking, or by sending a signed ITR-V to the Centralised Processing Centre (CPC). Verification must be completed within 120 days of filing your ITR.

ITR Processing The Income Tax Department will process your return, assess your tax liability, and determine the refund amount. This process can take a few weeks to several months.

Refund Issuance After processing, the refund will be credited directly to your bank account. Ensure your bank details are accurate and up-to-date in your ITR.

Update Bank Account Details (if needed) If your bank details change after filing your ITR, promptly update them on the e-filing portal to ensure correct refund crediting.

How to Check Your ITR Refund Status for FY 2024-2025

To check your refund status, follow these steps:

Visit the Income Tax E-Filing Portal Go to the official Income Tax Department e-filing website.

Access the 'Refund Status' Section Navigate to the ‘Refund Status’ page, typically under the ‘Services’ tab or a similar heading.

Enter Required Details Input your PAN (Permanent Account Number) and the assessment year for your filed return.

Review the Status The portal will show the status of your refund, including whether it has been processed, approved, or if further action is needed.

Track Refund Processing Keep an eye on any updates or notifications from the Income Tax Department regarding your refund.

Understanding the tax refund process can simplify the experience. By following these steps and staying informed about your eligibility, you can make sure that you have a smooth process and quickly receipt of any excess tax payments. For expert guidance and personalized assistance, consult with JJ Tax. Visit our website or contact us today to get the support you need for all your tax-related queries.

JJ Tax

[kashish2909]

How Income Tax Consultants Save You More than Taxes Only

When you listen to the name "income tax consultant," your first reaction could be that he or she assists you in submitting your Income Tax Return (ITR). And yes, he or she does that—but their job extends beyond just clicking a couple of buttons in tax season.

Income tax consultants are more in the role of financial allies, who assist you in maximizing your income, better managing your investments, keeping up-to-date with ever-changing tax legislation, and saving you far more than taxes.

In this blog, we will discuss how tax consultants do more than merely crunch figures—they assist you in making better financial decisions, preventing penalties, and minimizing the stress that taxes tend to cause.

What Does an Income Tax Consultant Actually Do?

At their essence, income tax consultants are specialists in tax regulations, financial compliance, and individual finance planning. They assist individuals, professionals, and organizations not only in filing taxes but also in comprehending and planning for their overall financial situation.

They examine your sources of income, investments, business earnings, deductions, exemptions, and even lifetime goals in order to provide valuable tax-saving tips that are well in line with your overall financial health.

In other words—they take your financial jumble and make it into a rock-solid plan.

Beyond Returns: How They Really Add Value

Most people believe tax consultants are helpful only to the affluent or entrepreneurs. But it's not true. Even salaried professionals, freelancers, gig workers, and retirees need their guidance.

Here's why:

1. Avoid Expensive Blunders

A single mistake in your income tax return—such as incorrect reporting of income, neglecting foreign income statements, or claiming a deduction incorrectly—can result in significant penalties or a notice from the Income Tax Department.

A consultant of income tax keeps it precise. They know what to put, what not, and how to present everything properly. This can keep you safe from future audits, hassles, and financial woes.

2. Assist You in Planning Ahead, Not Only Filing Later

Unlike last-minute web tools that are just concerned with filing, tax consultants are concerned with tax planning throughout the year. They help you make more prudent financial choices—pick between the old and new tax regimes, choose between the investment options under 80C, or identify the right time to sell an asset for long-term capital gains.

It's not about responding in March. It's about planning in April.

3. Save Your Time and Energy

Taxation is complicated. From HRA calculations to advance tax, deductions, exemptions, and capital gains—it’s easy to get lost. Instead of spending hours Googling every detail and still being unsure, a tax consultant brings clarity instantly.

That means fewer headaches, more confidence, and more time to focus on your work or personal life.

4. Support during Notices or Scrutiny

Receiving a tax notice might give you jitters. Whether it is for a discrepancy in income, non-disclosure, or delayed filing—handling it correctly is the key.

Income tax consultants not only assist you in preparing a proper response but also take you through the whole process. If necessary, they'll even appear on your behalf before tax authorities to get the job done in an efficient manner.

5. Dedicated Service for Freelancers and Small Business Owners

For business owners and freelancers, taxation becomes even more complicated. GST, TDS, deduction of business expenses, depreciation - everything comes into play.

A seasoned tax consultant will assist you:

• Monitoring permissible expenses

• Keeping necessary records

• Timely payment of advance tax

• Adhering to personal as well as business tax laws

This type of end-to-end support helps you not leave money behind or invite compliance issues.

Why Tax DIY Isn't Always a Good Idea

With so many tax preparation software and apps at our fingertips, it's natural to be tempted by the do-it-yourself route. And although they serve some straightforward cases, they have limitations.

Tax software is only as good as the information you input. It won't:

• Recommend better tax-saving options

• Notify you of deductions you may have overlooked

• Max out your salary or investment setup

• Assist you with future tax strategy

Only a professional tax consultant can think strategically, pose the right questions, and give advice customized for your specific circumstances.

Income Tax Consultants Provide Long-Term Financial Gains

Most individuals view tax consultants as seasonal assistants—required only before March 31st. However, in fact, they are instrumental in determining your financial future.

Here's how:

• Retirement Planning: They guide you to invest in tax-efficient retirement schemes and pay less in the long term.

• Home Loans: They help you plan your EMIs to optimize deductions on principal and interest.

• Capital Gains: From selling property or shares, they help you report it and minimize tax burden through indexation or exemptions.

• Wealth Transfers: If you want to transfer wealth to relatives, they enable you to do so in a manner that has the least impact of taxes.

All these behaviors not only save you money immediately—they determine your financial path for years to come.

How to Get the Best Income Tax Consultant

Getting a good consultant can seem like a chore, particularly if it's your first time. Look for one whom:

• Has worked with clients in your income bracket or occupation

• Stays current on tax law updates

• Is available year-round (not only around tax season)

• Takes time to understand your personal financial goals

If you’re unsure where to begin, Mrsolvo is a great place to explore. It connects individuals and businesses with reliable, verified income tax consultants who provide practical advice and personalized support tailored to your needs.

Final Thoughts

At the end of the day, hiring an income tax consultant is not just about filing returns—it's about taking control of your finances. From reducing errors and stress to unlocking hidden savings and planning better for the future, they offer far more value than most people realize.

Whether you're an employed professional attempting to decipher deductions, a freelancer questioning business expense, or a retiree with numerous income streams—a solid tax consultant can be your money buddy. And sites like Mrsolvo make it simpler than ever to get matched with pros who truly speak your language.

So, rather than simply preparing your taxes next year, consider how you can plan smarter, save more, and worry less—all with the assistance of the proper consultant.

[scbhagat]

Income Tax Advisors in Delhi by SC Bhagat & Co.

Navigating the complexities of income tax regulations in India can be overwhelming—especially for individuals, startups, and growing businesses. That’s where SC Bhagat & Co., one of the leading income tax advisors in Delhi, steps in to simplify tax planning, compliance, and filings for you.

Why You Need Expert Income Tax Advisors

Whether you’re a salaried employee, a self-employed professional, or a corporate entity, adhering to India's constantly evolving tax laws is critical. A professional income tax advisor ensures:

Accurate tax filing and documentation

Legal compliance with Indian Income Tax Act

Efficient tax-saving strategies

Reduced risk of notices and penalties from the Income Tax Department

Who We Are – SC Bhagat & Co.

SC Bhagat & Co. is a reputed CA firm in Delhi, offering expert income tax advisory and filing services for over a decade. Our team comprises chartered accountants, tax consultants, and legal advisors, helping individuals and businesses manage their taxes effortlessly.

Our Income Tax Advisory Services

As trusted income tax advisors in Delhi, we provide comprehensive solutions, including:

✅ Income Tax Filing

We handle filing of ITRs for:

Salaried professionals

Freelancers and consultants

NRIs and expatriates

Businesses and LLPs

Corporates and partnerships

✅ Tax Planning and Consultation

We help you legally reduce your tax liability through personalized planning, exemptions, and investment strategies.

✅ TDS Compliance

Our team ensures accurate TDS deduction, return filing, and compliance with timelines to avoid penalties.

✅ Tax Assessments and Representation

Received a notice from the Income Tax Department? We represent you and manage all tax-related queries and assessments on your behalf.

✅ NRI Taxation Services

NRI? We help you stay compliant with Indian tax laws, DTAA provisions, and handle global income taxation.

Why Choose SC Bhagat & Co.?

Experienced CA Team: Decades of expertise in Indian income tax laws

Client-Centric Approach: Tailored tax advice for individuals and enterprises

Data Confidentiality: 100% privacy and secure data handling

Transparent Fees: No hidden costs—only honest advisory

PAN India Reach: Though based in Delhi, we serve clients across India and globally

Serving Clients Across Sectors

We proudly serve clients from:

IT & Startups

E-commerce

Import-export businesses

Real estate

Education & NGOs

Manufacturing & trading

Don’t Wait for Tax Season!

Being proactive in tax planning can save you thousands—sometimes lakhs—of rupees. Whether you need help with ITR filing, tax notices, investment planning, or GST & TDS compliance, SC Bhagat & Co. is your reliable tax partner in Delhi.

Frequently Asked Questions (FAQs)

Q1. Who are the best income tax advisors in Delhi?

SC Bhagat & Co. is among the most trusted income tax advisory firms in Delhi, known for expert guidance, timely filings, and personalized tax planning solutions.

Q2. How much does it cost to hire an income tax advisor in Delhi?

The cost depends on the complexity of your case. Basic ITR filings start at affordable rates, and consultation fees vary based on services required. SC Bhagat & Co. offers transparent and budget-friendly packages.

Q3. Can SC Bhagat & Co. help with tax notices or scrutiny?

Yes, our experts represent you before the Income Tax Department and assist with notices, reassessments, and appeals.

Q4. Are online consultations available for tax advice?

Absolutely. SC Bhagat & Co. offers virtual tax advisory and ITR filing services across India and to NRIs abroad.

Q5. What documents are required for income tax filing?

Typical documents include:

PAN card

Form 16

Bank statements

Investment proofs

Rent receipts (if applicable)

Business income details (for self-employed)

Q6. Do you provide services for startups and SMEs?

Yes, we specialize in offering tax compliance, GST, and audit support for startups, SMEs, and growing companies.

[vimalkumar]

Income Tax Filing in Coimbatore? Here’s What Most People Get Wrong!

Introduction 

Filing your Income Tax Return in Coimbatore is a crucial annual task that many taxpayers tend to overlook or mishandle. Whether you are a salaried individual, a freelancer, or a business owner, submitting your tax returns accurately and on time is essential to avoid penalties and legal hassles. Yet, despite its importance, a significant number of people make avoidable mistakes that can cost them dearly.

Why Accurate Income Tax Filing Matters

Accurate tax filing ensures compliance with the Income Tax Department, helps you claim rightful deductions, and speeds up refunds. It also keeps your financial record clean, which is vital for loans, investments, and other economic activities. Errors or omissions can lead to delays, penalties, or even scrutiny by tax authorities.

Common Mistakes Made During Income Tax Return Filing in Coimbatore

Choosing the Wrong ITR Form

One of the most frequent errors is selecting the incorrect ITR form. The Income Tax Department offers multiple forms tailored to different income types and taxpayer categories. Using the wrong form can invalidate your return and force you to file a revised return, causing unnecessary delays and complications.

Understanding Different ITR Forms

For example, ITR-1 is for salaried individuals with income from salary and one house property, while ITR-3 is for individuals with income from business or profession. Knowing which form applies to your income sources is the first step in a smooth filing process. process

Missing the Filing Deadline

The deadline for filing returns is typically July 31 of the year following the assessment year. Missing this date can attract penalties up to Rs 10,000 and restrict your ability to carry forward losses or claim deductions. Many taxpayers delay filing, which can lead to last-minute errors and stress.

Incomplete or Incorrect Personal and Bank Details

Incorrect personal details such as PAN, name, or date of birth, or wrong bank account information can cause processing delays or refund rejections. Your bank account must be active and linked to your PAN to receive refunds promptly.

Not Reporting All Sources of Income

Taxpayers often overlook the need to disclose income from secondary sources, such as interest from savings accounts, fixed deposits, rental income, capital gains from mutual funds, or freelance work. Even exempt income must be reported. Omitting these can trigger notices from the tax department.

Hidden Income Sources Often Overlooked

Income sources such as interest on sovereign gold bonds, rent below Rs 50,000 per month, or income from minor children are frequently overlooked. Capital gains from jointly owned properties funded by one spouse are another common oversight.

Failure to Verify the Income Tax Return

Filing is incomplete without verification. Returns must be verified within 30 days of submission via Aadhaar OTP, net banking, or by sending a signed physical form. An unverified return is treated as invalid, equivalent to not filing at all.

Ignoring Form 26AS and Annual Information Statement (AIS)

Form 26AS and AIS summarize your tax payments and financial transactions. Failing to cross-check these with your return can lead to mismatches, resulting in delays or scrutiny from the authorities. Always reconcile these documents before filing.

How to Avoid These Common Pitfalls

Start Early and Gather All Documents

Begin your filing process well before the deadline. Collect all salary slips, bank statements, investment proofs, and Form 16/16A to avoid a last-minute rush and errors.

Double Check Your ITR Form and Assessment Year

Confirm the correct ITR form for your income type and ensure you mention the right assessment year. This avoids rejection or penalties for incorrect filings.

Cross-Verify Income Details with Form 26AS and AIS

Match your income and TDS details with Form 26AS and AIS to ensure completeness and accuracy. If discrepancies exist, contact the deductor for correction before filing.

Ensure Correct Bank Details and PAN Linkage

Provide accurate bank details linked to your PAN to facilitate timely refund processing. Verify your account number, IFSC code, and PAN linkage before submission.

Complete the Verification Process Promptly

After filing, verify your return through online methods or by sending the signed ITR-V form within the stipulated time. This step is mandatory to validate your filing.

Benefits of Proper Income Tax Return Filing in Coimbatore

Avoid Penalties and Legal Issues

Timely and accurate filing helps you avoid fines and legal complications, ensuring peace of mind.

Faster Refund Processing

Correct details and verification speed up refund issuance, putting your money back in your hands sooner.

Maintain a Clean Tax Record for Future Financial Activities

A well-maintained tax record is crucial for loan approvals, visa applications, and financial credibility.

Where to Get Professional Help in Coimbatore

Chartered Accountants and Tax Experts

If you find the filing process complex, consult qualified Chartered Accountants or tax professionals in Coimbatore who can guide you through the process and ensure error-free filing.

Online Platforms and Resources

Several trusted online platforms offer assistance and automated tools to help you file your returns accurately and efficiently.

Conclusion

Filing your Income Tax Return in Coimbatore correctly is not just a legal obligation but an innovative financial practice. Avoiding common mistakes such as selecting the wrong form, missing deadlines, or failing to verify returns can save you from penalties and hassles. Start early, double-check your details, and seek professional help if needed to ensure a smooth tax filing experience.

FAQs on Income Tax Return Filing in Coimbatore

Q1: What is the last date for filing Income Tax Return in Coimbatore?

The usual deadline is July 31 of the assessment year, but extensions may be announced occasionally.

Q2: Can I file my Income Tax Return online in Coimbatore? Yes, online filing is encouraged and widely used for convenience and faster processing.

Q3: What happens if I file the wrong ITR form? Your return may be rejected or considered invalid, requiring you to file a revised return.

Q4: Is it mandatory to verify the ITR after filing? Yes, without verification, the return is not considered filed and is invalid.

Q5: Can I claim a refund if I made excess tax payments? Yes, accurate filing and verification ensure you receive any eligible refunds promptly.

[unicausnews]

Here’s find out how to file your ITR this 12 months: Read stepwise information

Here's find out how to file your ITR this 12 months: Read stepwise information Jun 24, 2025 09:38 PM IST The deadline for non-audit instances is prolonged to September 15, 2025, whereas self-assessment tax funds are due by July 31, 2025. The Income Tax Department of India has provided an Excel-based offline utility for submitting Income Tax Return-1 (Sahaj) and Income Tax Return-4 (Sugam) for the evaluation 12 months 2025-26, i.e the monetary 12 months 2024-25. 7 key factors to recollect when submitting your Income Tax Return (ITR) this 12 months.(REUTERS) Under this newly launched utility, staff, pensioners, freelancers, and small enterprise homeowners will be capable of validate their returns by making a JSON file, importing to the e-filing portal, and therefore, put together their earnings tax returns, even with out web entry. According to the official web site, this 12 months, the deadline for submitting ITR has seen an extension until Sept 15, for non-audit cases-including ITR-1 and ITR-4 filers. Put throughout by Central Board of Direct Taxes (CBDT), this changed the sooner window which allowed submissions solely until July 31, with the intention to accommodate structural adjustments and utility rollout delays. However, the deadline for paying any self-assessment tax stands on July 31, 2025. Taxpayers ought to abide by this time-frame to keep away from curiosity penalties. Filing your ITR this 12 months? Here are 7 key factors to recollect when submitting your Income Tax Return (ITR): 1. SELECT THE SUITABLE ITR FORMTaxpayers are suggested to pick the appropriate ITR type, based mostly on their current pay scales. Salaried people can be submitting their return utilizing ITR-1 (Sahaj), given their earnings is from wage, single home property, and different sources (like curiosity), totaling their earnings to no more than ₹50 lakh. If taxpayers' earnings is from capital features, international earnings or a number of family properties, they are going to be utilizing ITR-2. 2. SELECT THE APPLICABLE OPTION BETWEEN THE NEW AND OLD TAX REGIMETaxpayers should determine in the event that they should file their return underneath the previous tax regime with exemptions and deductions or the brand new regime with fewer deductions and diminished slab charges. In the case of investments in schemes just like the Public Provident Fund (PPF) or National Savings Certificate (NSC) for tax profit, they may solely be thought-about underneath the previous regime. 3. COLLECT AND CHECK ALL RELATED DOCUMENTSTaxpayers should acquire all vital paperwork like Form 16, which is given by the employer and signifies wage and TDS (Tax Deducted at Source).  Form 26AS (which exhibits the main points of all tax credit) needs to be printed and checked whether or not it embrace TDS on wage, curiosity earnings and so forth. These particulars needs to be checked and ensured that they're mirrored on Form 16. 4. USE THE NEWLY INTRODUCED OFFLINE UTILITY OR THE ONLINE PORTALSTaxpayers can use the newly launched offline utility by following the aforementioned course of or observe the beforehand used Tax2win and different on-line portals that present easy on-line one-step submitting choices for ITR-1(Sahaj) and ITR-4 (Sugam).  The on-line portals additionally pre-fill information like Form 16, guaranteeing a consumer pleasant expertise. 5. LOOK OUT FOR THE FILING DEADLINE AND CONSEQUENCES OF DELAYFor this evaluation 12 months (2025-26), there was an extension for the deadline for submitting non-audit instances, i.e for salaried people submitting ITR-1 and ITR-4 to Sept 15, 2025. Self-assessment tax cost deadline stands at 31 July 2025, after which taxpayers would possibly incur curiosity penalties and charges based mostly on the variety of days delayed. If there's an current delay in submitting ITR for earlier 12 months(s), there's a provision to file belated returns inside the previous two years utilizing ITR-U (for people who haven't filed their returns collected in use solely). Read More: https://ne

[suryashukla01]

Get Funded Fast: Instant Cash Loan in Nagpur Without the Hassle

Nagpur doesn’t wait—and neither should you. In a city that never stops moving, financial emergencies don’t come with a warning. Whether it's a sudden medical bill, an urgent home repair, or a short-term business expense, what you need is quick cash, and you need it now. That’s where an instant cash loan in Nagpur becomes your financial game-changer.

This is not a pipe dream. Today’s digital lending ecosystem makes it possible to receive an instant personal loan in Nagpur with just a few taps—no queues, no delays, no paperwork mountains. With FinCrif’s smart lender comparison tool, the Nagpur loan application process is not only fast, it’s also transparent, flexible, and stress-free.

Why Nagpur is Going Digital for Instant Personal Loans

Gone are the days of waiting days or weeks for loan approvals from traditional banks. Nagpur is catching up with cities like Pune and Bengaluru when it comes to digital lending. Salaried professionals, small business owners, freelancers, and even gig workers now opt for Nagpur personal loans that can be approved and disbursed within hours.

The benefits?

Instant disbursal within 24 hours (often under 60 minutes)

Paperless digital process

No collateral needed

Loan amounts from ₹10,000 to ₹5 lakhs

Flexible repayment tenures from 3 to 60 months

That’s power in your pocket—literally.

Who Can Apply for an Instant Personal Loan in Nagpur?

The answer: almost anyone with a stable monthly income. Whether you’re working at MIHAN, teaching at Hislop College, or running your own shop in Sitabuldi, you can apply for a Nagpur personal loan without hurdles.

Basic Eligibility Criteria:

Age: 21 to 60 years

Minimum income: ₹15,000 per month

Employment: Salaried or self-employed

Credit score: 600+ preferred, not mandatory

Indian resident with a local Nagpur address

Got these covered? You’re already a top prospect for an instant cash loan Nagpur approval.

How to Apply: Nagpur Loan Application in 3 Easy Steps

At FinCrif, we’ve simplified the Nagpur loan application process to get you funded fast.

1. Check Eligibility

Use our loan comparison tool to see personalized offers in real-time based on your income, job profile, and credit history.

2. Upload Documents

All you need is your PAN, Aadhaar, 3-month bank statement, and recent salary slip (or ITR if self-employed).

3. Get Approved & Disbursed

Once verified, your loan is approved instantly and credited to your bank account in as little as one hour.

No middlemen. No ambiguity. No delays.

Required Documents for Nagpur Personal Loan

Forget file folders and courier delays. Just upload these via your phone:

PAN Card

Aadhaar Card (linked to mobile)

Bank statement (last 3–6 months)

Salary slips or income proof

Recent passport-size photo/selfie

These are all you need to complete a Nagpur loan application within minutes.

Interest Rates on Instant Cash Loan Nagpur

Interest rates for Nagpur personal loans typically start from 10.49% per annum, but they vary based on:

Credit score

Loan amount

Employment status

Repayment history

Here’s an example:

Loan Amount: ₹2,00,000 Tenure: 12 months Interest Rate: 14% EMI: ₹17,925 approx Total Interest: ₹15,100

Always check the APR (Annual Percentage Rate) before you sign. At FinCrif, we show you upfront costs—no hidden charges, no shady fees.

Real Use Cases: Who’s Taking Loans in Nagpur?

Rohit, a teacher in Dharampeth, took a ₹1.5 lakh loan for home renovation.

Fatima, a freelancer in Itwari, used her ₹75,000 loan to buy a laptop.

Akash, a marketing executive in Pratap Nagar, cleared high-interest credit card dues with a low-interest instant personal loan Nagpur.

If they can do it, so can you.

Tips to Increase Approval Chances for Nagpur Loan Online

Want to get approved faster? These practical tips will boost your chances:

Apply during working hours (9 AM – 6 PM)

Keep your credit card utilization under 40%

Use salary account for loan credit

Maintain a CIBIL score above 650

Don’t apply for multiple loans at once

These simple tweaks can increase your Nagpur personal loan approval rate dramatically.

Why Choose FinCrif?

Sure, there are loan apps everywhere. But here’s what makes FinCrif different:

One-click comparison of 30+ top NBFCs and banks

Pre-approved offers based on your profile

Real-time application tracking

No hidden fees or traps

Free consultation with loan experts

With FinCrif, you don’t just apply for a Nagpur loan online—you make an informed decision that fits your financial needs.

Final Thoughts: Stop Waiting, Start Acting

When you need cash, delay is your worst enemy. With an instant cash loan Nagpur, you’re not begging a bank—you’re taking control. Whether it’s ₹10,000 for rent or ₹5,00,000 for a wedding, the power to borrow is in your hands.

No more waiting in lines. No more loan rejections without reason. No more “we’ll get back to you” drama.

Just apply, get verified, and get funded.

Apply for your instant personal loan in Nagpur today—and show life who’s boss.

[12sknnews]

Income Tax Return filing AY 2025-26: Which ITR form should freelancers and gig workers use? Explained

ITR filing: Understanding the appropriate tax filing requirements is essential for freelancers. (AI image) Income Tax Return (ITR) e-filing FY 2024-25: ITR filing may be relatively straightforward for salaried individuals, but what about gig workers and those who earn through freelancing? With the rise of freelance and gig-based income, many individuals are unsure how to report such earnings…

[sunalimerchant123]

How to File Income Tax Return Online in India (2025 Guide)

Filing your Income Tax Return (ITR) is an annual financial responsibility for all earning individuals and businesses in India. With advancements in digital infrastructure, the Government of India has made the process of filing an ITR more streamlined and user-friendly. In 2025, e-filing continues to be the most efficient method to report your income, claim deductions, and pay any outstanding taxes.

This comprehensive guide will walk you through the process of filing your Income Tax Return online in India, making tax season less daunting and more manageable.

📋 What is an Income Tax Return?

An Income Tax Return is a form used to declare your income, expenses, exemptions, and tax liabilities to the Income Tax Department of India. Every individual or entity earning income during a financial year is required to file an ITR, depending on their total income and category.

Filing your ITR on time ensures you remain compliant with the law, avoid penalties, and are eligible to claim tax refunds, if applicable.

🧾 Documents Required for ITR Filing

Before you begin filing your Income Tax Return, gather the following documents:

PAN Card

Aadhaar Card

Form 16 from your employer (for salaried individuals)

Form 26AS (Tax Credit Statement)

Bank account details

Investment proof for deductions under sections like 80C, 80D, etc.

Details of capital gains, rental income, and business income if applicable

🖥️ Step-by-Step Process to File ITR Online in 2025

Step 1: Register/Login to the Income Tax e-Filing Portal

Visit the official portal: https://www.incometax.gov.in Use your PAN as your User ID to log in. First-time users will need to register.

Step 2: Choose the Right ITR Form

The ITR form you select depends on your income sources. Here are common ones:

ITR-1 (Sahaj) – For salaried individuals with income up to ₹50 lakh

ITR-2 – For individuals with capital gains or foreign assets

ITR-3 – For professionals or those with business income

ITR-4 (Sugam) – For presumptive income under sections 44AD/ADA

Step 3: Prefill and Verify Details

After selecting the form, most of your data (PAN, salary, TDS, bank details) will be auto-filled. Cross-check every detail carefully to avoid errors.

Step 4: Declare Income and Claim Deductions

Add any additional income (interest, rental, freelance work, etc.) and claim deductions under various sections such as:

80C – Investments in PPF, ELSS, LIC, etc.

80D – Health insurance premiums

80E – Interest on education loan

80G – Donations to charities

Step 5: Calculate Tax Liability

Once all income and deductions are filled, the system auto-calculates your tax liability. If you owe taxes, pay them using the “e-Pay Tax” facility.

Step 6: Submit and E-Verify Your Return

After final review, submit your Income Tax Return. Then complete e-verification using one of the following methods:

Aadhaar OTP

Net banking

Bank account EVC

Demat account verification

E-verification is mandatory for your ITR to be processed.

⏰ Important Deadlines for FY 2024-25

Due Date for Individuals: July 31, 2025

With Audit (Businesses/Professionals): October 31, 2025

Filing after the due date attracts late fees and interest.

✅ Benefits of Filing Income Tax Return

Claim refunds on excess TDS paid

Serve as proof of income for loans or visa applications

Avoid penalties for non-compliance

Carry forward capital losses

Build a clean financial record

🔚 Conclusion

Filing your Income Tax Return online in India has become a fast, paperless process thanks to government digital initiatives. By following the right steps and ensuring accurate declarations, you can file your ITR with ease and on time. Whether you're a salaried employee, freelancer, or business owner, staying tax-compliant not only saves you from penalties but also unlocks a host of financial advantages.

Start early, verify all details, and file your Income Tax Return before the deadline to enjoy a stress-free tax season in 2025.

[taxassistantorg]

Don’t Rely Solely on Form 16: Essential Documents for Your AY 2025-26 ITR

Is Form 16 enough for filing your Income Tax Return (ITR) this year (Assessment Year 2025-26 / Financial Year 2024-25)? The short answer is no. While Form 16 from your employer is a crucial document, it only tells part of your financial story.

What Form 16 Covers (and Doesn’t):

Form 16 is essentially your employer’s report card on your salary and the Tax Deducted at Source (TDS) from it, along with deductions you declared through them. However, it’s limited to your employer-employee relationship. It doesn’t account for any financial activities or incomes outside of that.

Here’s what Form 16 won’t tell you, and why you need to look beyond it:

1. Income Beyond Your Salary:

Interest Income: Earnings from fixed deposits (FDs), savings accounts (above exemption limits), recurring deposits (RDs), or bonds are not on Form 16, even if banks deducted TDS. You must report all of it.

Freelancing/Gig Work: Any income from consulting, writing, design, or ride-sharing activities outside your regular job is taxable and completely absent from Form 16.

Other Incomes: Lottery winnings, taxable gifts, and family pensions fall under “Income from Other Sources” and require separate reporting.

2. Capital Gains (Investments):

Stock Market Profits: Any profits from selling listed or unlisted shares (short-term or long-term capital gains) are not reflected in your Form 16.

Crypto Gains/Losses: Income from Virtual Digital Assets (VDAs) like cryptocurrencies or NFTs, or any losses you want to set off, are never part of Form 16.

Property/Mutual Funds: Profits from selling property or redeeming mutual fund units (especially debt funds or equity funds sold before the qualifying period) generate capital gains that must be reported separately.

3. Rental Income & Second Home Implications:

Rent Received: If you rent out a property, this taxable income under “Income from House Property” isn’t captured by Form 16.

Deemed Rent on Second Home: If you own more than one residential property and don’t rent out the additional ones, the Income Tax Department may consider a “Deemed Rental Income” for the non-self-occupied property. This tax liability won’t be on Form 16.

4. Deductions Not Routed Through Your Employer:

Form 16 only includes deductions you submitted proof for to your employer. Many other legitimate deductions you made directly are not included:

Health Insurance (Section 80D): Premiums paid for yourself, family, or parents outside your employer’s system.

Charitable Donations (Section 80G): Donations to eligible charities.

Education Loan Interest (Section 80E): Interest paid on an education loan for yourself, spouse, or children.

Deductions for Disabled Dependent (Section 80DD/80U) / Medical Treatment (Section 80DDB): Specific deductions for certain conditions.

5. The “Real Story” with AIS/Form 26AS:

Form 16 is your employer’s perspective. However, the most comprehensive record of your financial transactions linked to your PAN is found in your Annual Information Statement (AIS) and Form 26AS. These documents show:

TDS deducted by all deductors (banks, clients, tenants, brokers), not just your employer.

Reported high-value transactions (mutual fund purchases/sales, property deals, large deposits).

Interest income reported by banks.

Tax payments (advance tax, self-assessment tax).

Crucially, always reconcile your Form 16 details with your AIS/26AS. Mismatches can occur (e.g., employer reported lower TDS, or delays in reporting).

How to Ensure Accurate ITR Filing:

Download Your AIS & Form 26AS: Log in to the Income Tax e-filing portal (https://www.incometax.gov.in/iec/foportal/) and download both for FY 2024-25 (AY 2025-26).

Compare Salary TDS: Match Form 16’s TDS and Employer’s TAN with your AIS/Form 26AS.

Scan for All Income & TDS: Thoroughly review your AIS/Form 26AS for any other interest income, TDS by banks or clients, capital gains transactions reported by brokers, or property details.

Note Discrepancies: If you find differences or unexpected income/TDS, investigate and resolve them with the relevant party (employer, bank, broker) before filing.

To Avoid Future Income Tax Notices:

Gather All Documents: Collect salary slips, Form 16, bank statements (for interest), capital gains statements, rent agreements, freelance proofs.

Review AIS/Form 26AS: Treat these as your ultimate source of truth for reported transactions.

Account for All Income: Include salary, interest, capital gains, rent, freelance, and any other income. Don’t rely solely on Form 16.

Claim All Eligible Deductions: List deductions claimed via your employer and those paid directly, ensuring you have proofs.

Verify Pre-filled Data: The ITR form’s pre-filled data comes from AIS. Scrutinize it for accuracy and completeness.

File on Time: The deadline for salaried individuals for AY 2025-26 is September 15, 2025.

Remember, employers are mandated to provide Form 16 by June 15. If you haven’t received it yet, check your company’s HR portal.

[sribalajitaxservices]

New Income Tax Rules: Updates in ITR Filing for AY 2025–26 (Old Regime Return Filers)

The Income Tax Department has introduced several important updates for Assessment Year (AY) 2025–26, particularly for taxpayers filing under the old tax regime. These changes are aimed at improving compliance, ensuring greater transparency, and simplifying the return filing process. If you're unsure how these updates affect your situation, consulting experienced income tax filing consultants can help you file your return accurately and on time.

What’s New for AY 2025–26 (Old Regime Filers)?

Revised ITR Forms

Forms like ITR-1 and ITR-2 have been revised to improve clarity and data capture. Salaried individuals, pensioners, and small business owners must choose the correct form based on their income type and sources.

Mandatory Disclosure Requirements

Taxpayers must now disclose more information, including details of foreign assets, exempt income, and capital gains. Tax returns with mismatched data from Form 26AS or AIS may not be processed smoothly and can invite compliance issues.

New Declaration Rule – Form 10 IEA

If you want to continue under the old regime, submitting Form 10IEA before filing your return is mandatory. Otherwise, the system may default you to the new regime.

Penalty for Late Filing

Missing the due date can attract a penalty of up to ₹5,000 and interest on outstanding tax. Non-audit returns must be filed by 31st July 2025, whereas audit cases have a deadline of 31st October 2025.

Benefits of Filing Income Tax Return

Claim refunds on TDS deducted

Helps with loan and visa applications

Avoid tax notices and penalties

Build financial credibility

Maintain clean tax records

Filing your income tax return on time is important for everyone salaried, freelancers, and self-employed individuals.searching for ITR filing services near me?

FAQ’s

1. Old vs New Regime – Which is better for salaried individuals?

If you claim deductions like 80C, HRA, or home loan interest, the old regime could offer better benefits.

2. What documents are needed for ITR filing?

PAN, Aadhaar, Form 16, investment proofs, TDS certificates, bank statements, and rent receipts (if HRA claimed).

3. Can I revise my return after filing?

Yes, you can revise it before the end of the assessment year or before it is processed.

4. How can income tax consultants help?

They ensure accurate filing, maximize deductions, and assist in responding to IT department notices.

New ITR rules demand more accuracy! For expert guidance, trust Sri Balaji Tax Services your reliable ITR filing consultants in Hyderabad.

 Connect with Sri Balaji Tax Services trusted tax consultants in Hyderabad offering expert filing support.

[ascesabiz]

Choosing the Right ITR Form: ITR-1 vs ITR-4 – What Suits You Best?

Filing your income tax return (ITR) isn’t just a compliance requirement—it’s your opportunity to declare your income transparently and make the most of eligible deductions. But with different forms like ITR-1 and ITR-4 floating around, it’s natural to feel confused about which one you should pick.

Let’s simplify it for you.

Whether you're a salaried individual, a freelancer, or a small business owner, choosing the correct ITR form is key to a smooth and error-free Income Tax Return Filing 

🧾 ITR-1 (SAHAJ): Who Should File This?

ITR-1 is best suited for:

Resident individuals (not HUFs) having income up to ₹50 lakh

Income sources:

Salary or pension

One house property

Other sources (like interest income)

💡 Example: If you're a salaried employee living in Koramangala with no side business or freelancing income, ITR-1 is most likely for you.

📊 ITR-4 (SUGAM): Who Is It For?

ITR-4 is suitable for:

Resident individuals, HUFs, and firms (other than LLPs)

Income up to ₹50 lakh

Who opt for presumptive taxation under:

Section 44AD (businesses)

Section 44ADA (professionals like doctors, architects, etc.)

Section 44AE (transporters)

💡 Example: If you’re a freelancer, small trader, or a consultant running a business in or around Koramangala and your income falls within this threshold, ITR-4 may be ideal for you.

ITR-1 vs ITR-4: Key Differences at a Glance

Features

ITR -1 

ITR - 4

Applicable For

Salaried/Pensioners

Small Businesses, Freelancers

Income Limit

₹50 lakh

₹50 lakh

Type of Income

Salary, 1 House Property, Other Sources

Presumptive Business/Professional Income

Presumptive Taxation

❌ Not allowed

✅ Allowed

✅ How to Choose the Right Form?

When in doubt, consult expert Tax Advisors in Koramangala to avoid misfiling. A wrong form can lead to rejections or penalties. Professionals can help assess your income sources and suggest the form that aligns with your profile.

🧠 Final Word

Choosing between ITR-1 and ITR-4 isn’t just a checkbox—it reflects how your income is structured. If you’re salaried, ITR-1 is your go-to. But if you’re earning through a business or profession, especially under presumptive taxation, ITR-4 is tailored for you.

If you're still unsure, don’t stress. The right support is just around the corner. Opt for professional Income Tax Return Filing in Koramangala with ASCESA Biz, or reach out to trusted Tax Advisors in Koramangala to make informed and stress-free decisions this tax season.

[jjtax]

Tax Guide for Freelancers & Self-Employed Pros in India

Confused about taxes as a freelancer? Here’s everything you need to know about ITR, GST, deductions & more — simplified just for you!

💸 How Is Freelance Income Taxed?

Freelance income — whether from project fees, hourly gigs, or contracts — falls under “Profits and Gains from Business or Profession” as per Indian tax laws.

Your tax liability depends on your total annual income, and here’s what you need to look out for:

🔹 GST (Goods & Services Tax)

Mandatory if income exceeds ₹20 lakhs (₹10 lakhs for special category states).

Standard GST rate for most services: 18%.

🔹 Presumptive Taxation – Section 44ADA

If your income is under ₹50 lakhs, you can declare 50% of your gross receipts as taxable income.

Saves time and effort!

🔹 Tax Audit

Required if income exceeds ₹50 lakhs (or ₹75 lakhs if less than 5% of income is in cash).

🔹 TDS (Tax Deducted at Source)

If clients pay you over ₹30,000 in a financial year, they deduct 10% TDS.

💡 Deductions & Expenses Freelancers Can Claim

Here are common expenses you can deduct to save tax:

Office Rent & Maintenance

Office Supplies & Equipment (with depreciation)

Internet & Phone (work-related portion)

Travel for business

Professional fees (CA, lawyer, etc.)

Tax-Saving Investment Options

Use these sections to reduce your taxable income:

Section 80C: Life insurance, ELSS, PPF – up to ₹1.5L

Section 80D: Health insurance premiums

Section 80E: Interest on education loans

Section 80G: Charitable donations

Section 80GG: Rent paid (no HRA)

Section 80TTA: Savings account interest (₹10,000 max)

Section 80U: For individuals with disabilities

Section 80CCD: NPS contributions

Section 44ADA: Flat 50% income declaration for freelancers (if income < ₹50L)

Filing ITR as a Freelancer – Made Simple

Which ITR Form to Use?

ITR-3: If not opting for presumptive scheme\

ITR-4: If using Section 44ADA

Step-by-Step ITR Filing:

Calculate your gross income

Note your deductible business expenses

Choose the correct ITR form

Log in to the e-Filing Portal

Fill details, upload docs, calculate tax

E-verify using Aadhaar OTP or EVC

Save your data as you go

✅ Final Thoughts

Being a successful freelancer in India means more than doing great work — it’s also about knowing your taxes. From income classification to deductions, staying compliant is key.

Want expert help? 👉 Book your FREE 15-min consultation with Uniqey by JJ Tax. 📧 Write to us at legal@jjfintax.com to make the most of your freelance income

Visit https://uniqey.in/

Download the Uniqey by JJ TAX

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Want to Become a GST Expert in 2025?

GST isn’t just a tax update—it’s a powerful boost for your career path! If you're dreaming of becoming a certified GST practitioner, tax consultant, or accounts executive, then this is your moment. Step into the world of taxation with GVT Academy’s Best GST Course in Noida — expertly crafted to make you industry-ready from day one.

🔥 What Makes Our GST Course the Best in Noida?

✅ Includes every essential concept and detail related to GST From GST basics, registration, returns, ITC, e-way bill, to refunds—our course covers ALL 174 GST sections with 100% practical implementation.

✅ Income Tax + TDS Training Included Learn to file ITRs under all heads—Salary, Business, Capital Gains & more using real offline utilities.

✅ Tally + BUSY Mastery Become a pro in GST-enabled accounting software. Gain hands-on skills in GSTR filing, reconciliation, and ledger auditing using Tally and BUSY software.

✅ Live Client Data Practice No boring theory. We train you on real data with actual return filings, so you learn exactly what the job demands.

✅ Finalization of Balance Sheet & Tax Planning Learn how to finalize books like a CA, avoid tax scrutiny, and prepare CMA/project reports to impress your future employers.

🎓 Who Should Join? Students, working accountants, tax consultants, freelancers, or anyone who wants a high-paying, future-proof career in finance.

🎯 If you're looking for the Best GST Course in Noida with a real chance at career growth, practical skills, and job opportunities, GVT Academy is where your future begins.

1. Google My Business: http://g.co/kgs/v3LrzxE

2. Website: https://gvtacademy.com

3. LinkedIn: www.linkedin.com/in/gvt-academy-48b916164

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[canakulsinghalassociates]

Best Ca in Pitampura | Ca Firm Pitampura 9953775505

Best Ca in Pitampura

CA Nakul Singhal Associates provides expert tax, GST, audit and company registration services. Call 9953775505 today for reliable CA services.

If you are doing business and you cannot manage your accounts, taxes and business compliance is not a good idea - it's now become a necessity. Whether you're a business owner, a paid employee, a freelancer, or someone looking to invest, having the appropriate financial advisor can make all the difference. If you live in or around Pitampura, Delhi, you'll be happy to know that some of the city's best Chartered Accountants (CAs) work here. In this blog, you will get to know why you need to hire a chartered accountant in Pitampura.

What Do Chartered Accountants Do?

A chartered accountant is an important person in your business. Here are the major things that chartered accountants do in your business. The services they provide are:

Income tax preparation and planning

GST Registration and Returns

Company Registration and ROC Filing

Accounting and Bookkeeping

Financial audits

Business advisory

Investment Planning

Loan documentation and financial predictions

From individuals to startups, SMEs, and large corporations, every type of financial institution requires a CA to stay legally compliant and financially healthy. 

Why is Pitampura emerging as a CA hub in North Delhi?

Pitampura is more than a residential neighborhood, you will see more commercial and service hubs in North Delhi. Surrounded by Rohini, Netaji Subhash Place (NSP), Kohat Enclave, and Shalimar Bagh, it attracts a diverse range of enterprises and professions. 

Here's why many individuals decide to hire a CA in Pitampura.

1. The proximity to commercial hubs

Pitampura CAs are experienced in dealing with business clients and corporate compliance issues because they are located near NSP (a major commercial business center).

2. Local understanding of business needs.

Pitampura chartered accountants are familiar with local market trends, regulatory requirements for Delhi-based enterprises, and regional tax consequences, which gives them a strategic advantage.

3. Affordable and Professional

Compared to large accounting companies in Connaught Place or South Delhi, CA professionals in Pitampura frequently give high-quality services at lower pricing, which is very useful for startups and small businesses. 

Read More On Medium.com 

Top Services Provided by CA Firms in Pitampura

Here's a breakdown of the common services that most CA businesses and individual Chartered Accountants in Pitampura provide:

Income Tax Services

Whether you are a salaried employee, a landlord, or a business owner, income tax reporting is required. Pitampura CAs can assist you with:

Accurate tax computations

Deductions from 80C to 80U.

Filing ITRs (1-7).

Handling Notices and Refunds 

GST Filing and Advisory

GST has transformed the way businesses function. With a CA on your side, you will get:

Timely submission of GSTR-1, 3B, and yearly returns

GST registration

Input Tax Credit (ITC) claims.

GST Audits and Compliance

Company registration and startup advisory

Do you want to start a business? Pitampura CAs provide:

Pvt. Ltd., LLP, or OPC registration

PAN, TAN, and MSME registrations

Assistance with opening current accounts

Benefits of Startup India Consultation 

Accounting and Bookkeeping

From tally entries to monthly reconciliations and balance sheet preparation, your books are kept up-to-date and audit-ready.

ROC Compliance and MCA Filings

If you own a registered business, MCA compliance is required. CAs take care of:

Annual filings.

Board meeting records

Audit reports

DIR-3 KYC, and more. 

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How to Select the Right CA in Pitampura

When selecting a Chartered Accountant, bear the following in mind:

Relevant industry experience

A chartered accountant with experience in your industry will understand how to manage specific tax laws or compliance requirements.

Tech-savvy

Digital tax filing, accounting software, and cloud access have become indispensable. Ensure that your CA is using modern software such as Tally, Zoho Books, QuickBooks, or Clear Tax.

Positive reviews and testimonials

Search for local reviews on Google or Justdial. If you approach a firm, ask for referrals or case studies.

Communication and transparency.

An excellent chartered accountant explains everything plainly, avoids jargon, and maintains your accounts in order. 

Why Choose CA Nakul Singhal for Your Business?

Personalised attention: tailored solutions, not generic advice.

Offers comprehensive services, including GST, ITR, TDS, and company registration.

Cost-effective support for startup enterprises.

Tech-savvy - Uses cutting-edge equipment for efficient and error-free filings.

Prompt and transparent communication with no hidden charges. 

Summary

Pitampura, a hub for Chartered Accountants (CAs), is attracting a diverse range of businesses and professions due to its proximity to commercial hubs, local understanding of business needs, and affordable pricing. CAs in Pitampura provide services such as income tax preparation, GST registration, company registration, accounting and bookkeeping, financial audits, business advisory, investment planning, and loan documentation. To choose the right CA in Pitampura, consider factors such as relevant industry experience, tech-savvy, positive reviews, and transparent communication. Nakul Singhal, a CA in Pitampura, offers tailored solutions, comprehensive services, cost-effective support, and tech-savvy support.