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- Income tax return for salaried and pensioners, ITR-1 (Sahaj)
- Income tax refund not received, status check and refund reissue request
- Pre-filing reconciliation of AIS, TIS, 26AS and Form 16
Send any one of these to start
- Form 16
- Salary slip
- AIS or 26AS
- Bank statement
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1 working day to raise the requestFree first stepRead your 143(1) intimationSalaried? Your ITR, filed by a CA on WhatsApp.
Send Form 16 and AIS; we pick the regime, file and e-verify.
1 working day after documentsIf you wait: Late fee ₹5,000, or ₹1,000 if income is up to ₹5 lakh (Sec 428, old 234F)
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Questions, answered the CA way
Facts, Provisions and law, Analysis, Conclusion.
Which ITR Form to File
- Facts
- Selecting the correct ITR form is the most common source of defective return notices. Wrong form = return treated as invalid.
- Provisions and law
- Sec 263(1) (old 139(1)); Rule 164 (old Rule 12); Sec 263(7) (old 139(9)); CBDT Notif
- Analysis
- ITR-1 (Sahaj): Salary from one employer + FD interest + one house property. Income below ₹50L. Cannot have capital gains, business income, or foreign assets. ITR-2: Salary from multiple employers, capital gains (MF/shares/property), foreign income, more than one house property, director in company, unlisted shares. ITR-3: Business or profession income + any other income. Partnership firms also use ITR-3 equivalent. F&O traders must use ITR-3. ITR-4 (Sugam): Presumptive income under Sec 58, Income-tax Act 2025 (old Sec 44AD; business, ₹3Cr limit), Sec 58 (old Sec 44ADA; professionals, ₹75L limit), Sec 58 (old Sec 44AE; transport). Cannot have capital gains or foreign assets. ITR-5: Partnership firms, LLPs, AOPs, BOIs, not for individuals. ITR-6: Companies (not claiming 11/12 exemption). ITR-7: Trusts, political parties, research associations.
- Conclusion
- Identify ALL income sources for the year, salary, FD interest, MF redemptions, property sale, freelance
- Download AIS, check if any income shown that you did not know about
- Check if you are director in any company or hold unlisted shares (ITR-2 mandatory if yes)
- Check if F&O trading happened during year (ITR-3 mandatory)
AIS Reconciliation Before Filing
- Facts
- AIS (Annual Information Statement) is what the government already knows about your income. Any mismatch between AIS and your ITR triggers a Sec 270(1), Income-tax Act 2025 (old Sec 143(1)) notice automatically.
- Provisions and law
- Sec 510 (old 285BB); Rule 114-I; Sec 270(1) (old 143(1)); Sec 439 (old 270A)
- Analysis
- What AIS shows (50+ types): Salary TDS (employer reported), FD/savings interest (bank reported), MF redemptions (CAMS/registrar reported), property transactions (registrar reported), dividend income (company reported), share transactions (SEBI/exchanges reported), foreign remittances (bank reported). How to access AIS: incometax.gov.in → Services → Annual Information Statement (AIS) → Download AIS. Also available as PDF and JSON. Two views: Taxpayer Information Summary (TIS), consolidated; AIS, detailed per transaction. AIS feedback mechanism: If a transaction in AIS is incorrect (e.g. bank reported wrong amount, MF company reported your brother's transaction), submit feedback: "Incorrect information" or "Income not pertaining to me". Feedback reduces AIS figure for that item. TIS vs AIS: TIS shows consolidated income by category (salary, interest, dividends). Use TIS to fill ITR.
- Conclusion
- Download AIS from IT portal (available from May for previous FY)
- Download TIS, compare each category with your own records
- Category 1, Salary: Matches Form 130 (old Form 16)? If multiple employers, sum of all Form 16s must match AIS salary figure
- Category 2, Interest: Bank FD interest + savings interest. Cross-check bank certificates
50-30-20 Budget Rule: Your Salary Split in Seconds
- Facts
- The only budget framework you need. 50% needs, 30% wants, 20% savings. Enter your take-home and get instant allocation. Most people discover they're saving 5%, not 20%.
- Provisions and law
- RBI Guideline; SEBI / AMFI
- Analysis
- Why most people miss 20%: Lifestyle inflation, every salary hike is consumed by wants before savings. Set up auto-SIP on salary day. Savings happen before spending. EMI trap: Home loan + car + personal loan + credit card. When EMIs cross 50% of income, any income shock = default. Keep EMI ≤ 40% of take-home. The 20% math: ₹20,000/month SIP at 12% for 10 years = ₹46.5 lakhs. Starting 5 years late = only ₹24.2L. Cost of delay: ₹22.3L. Emergency fund first: Before any investment, build 6× monthly expenses in liquid fund or savings account. This is your shock absorber. RBI Guideline: EMI-to-income ratio should not exceed 40-50% of net monthly income for retail loan eligibility. Banks use FOIR (Fixed Obligation to Income Ratio), includes all existing EMIs + proposed. SEBI / AMFI: Systematic Investment Plan (SIP) for the 20% savings component. ₹500 minimum SIP via AMC or MFU.
- Conclusion
- Calculate actual take-home (after TDS, EPF, professional tax)
- List all fixed obligations: rent, EMIs, insurance premiums, school fees
- Fixed obligations should be ≤ 50% of take-home
- Set up auto-SIP for 20% on salary credit date (not end of month)
Freelancer with Foreign Clients: Tax, GST, and FEMA Complete
- Facts
- India-based freelancer earning from US/UK/UAE clients: three compliance layers. Income Tax: declare foreign income, pay at slab rate. GST: export of services = zero-rated, but registration needed. FEMA: receive payment in USD via AD bank, convert within stipulated time. Get all three wrong and you have an IT notice, a GST notice, and an RBI violation.
- Provisions and law
- Sec 58 (old 44ADA); GST, Zero Rated Export; FEMA, EEFC; Sec 393 (old 195), No TDS
- Analysis
- GST myth: Many freelancers think they must charge 18% GST to foreign clients. Wrong. Export of services = zero-rated. Charge 0% GST. File LUT (Letter of Undertaking) once per year on GST portal. No GST collected from foreign client. No refund to claim. FEMA receipt deadline: Invoice raised March 1: payment must reach India by November 30 (9 months). If client delays: apply to RBI for extension. Funds beyond 9 months without RBI approval = FEMA violation. Currency conversion timing: Income recognized when received (not invoiced). Use RBI rate on date of receipt. If received in EEFC account: recognized when converted to INR. Keep EEFC account if you have USD expenses (cheaper than converting both ways). The new regime advantage for freelancers: Foreign income ₹30L → Sec 58, Income-tax Act 2025 (old Sec 44ADA): ₹15L taxable → new regime tax ≈ ₹2.1L. Old regime with Sec 123 (old Sec 80C): ₹13.5L taxable → tax ≈ ₹2.5L.
- Conclusion
- Determine if profession is in Sec 58 (old Sec 44ADA) specified list (IT, consultant, designer, generally yes)
- Open EEFC account at your bank for direct foreign currency receipt
- File LUT (Letter of Undertaking) on GST portal before raising first foreign invoice
- Raise invoice in USD to foreign client, zero GST charged
Your tax is zero this year. Make sure TDS and your return agree.
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