Income Tax
Guides
Step-by-step walkthroughs for Indian taxpayers.
Step-by-step walkthroughs 17
- 01
How to file ITR-4 Sugam under 44AE for goods-carriage business (AY 2026-27)
Meet Karan Mansukhani , 47, who owns and operates a small fleet of 6 trucks – 3 heavy goods vehicles (HGVs) at 18 tonnes gross vehicle weight each, and 3 light goods vehicles (LGVs) under 12 tonnes – out of Mundka, Delhi. He plies them on hire / lease across NCR and Har…
7 May 2026
- 02
How to file ITR-4 Sugam under 44ADA presumptive (freelance professional, AY 2026-27)
Meet Smita Bhatnagar , 36, a freelance UI/UX designer working from Pune for both Indian and foreign clients. Annual gross receipts ₹32 lakh – ₹29 lakh from Indian clients (paid by bank transfer) and ₹3 lakh “other” (one foreign client paid via SWIFT remittance routed th…
7 May 2026
- 03
How to file ITR-4 Sugam under 44AD presumptive scheme (small trader, AY 2026-27)
Meet Yuvraj Saluja , 39, who runs Saluja General Store , a neighbourhood kirana in Hazratganj, Lucknow. Annual turnover ₹70 lakh – well under the ₹2 crore Section 44AD ceiling. He chooses to declare income under the presumptive scheme – 6% on digital receipts, 8% on cas…
7 May 2026
- 04
How to file ITR-3 with salary + business + capital gains in the surcharge zone (AY 2026-27)
Meet Rohini Khurana , 44, a strategy consultant at Octave Strategy LLP in Gurugram. She also runs a small bilingual content-advisory practice on the side and dabbled in some short-term equity trades during the year. Her total income lands around ₹53 lakh – which puts he…
7 May 2026
- 05
How to file ITR-3 after opting out of 44AD with Sec 44AB audit (AY 2026-27)
Meet Suhail Bhalla , 45, who runs a wholesale electronics distribution business out of Karol Bagh, Delhi. He used Section 44AD presumptive in AY 2022-23 (declared 8% on the non-digital portion of turnover) but found the 8% deemed margin didn’t reflect his actual ~5% tra…
7 May 2026
- 06
How to file ITR-3 for salary plus intraday equity (speculative income) -- AY 2026-27
Meet Prerna Mansukhani , 33, a data analyst at Cipher Analytics in Mumbai. Outside her day job she day-trades equity intraday. FY 2025-26 was a tough trading year – aggregate intraday turnover ₹8 lakh (computed by the absolute-sum method, see Section 3 below), net resul…
7 May 2026
- 07
How to file ITR-3 as a partner in a firm with remuneration + capital interest (AY 2026-27)
Meet Tanmay Bhatnagar , 36, a partner at Bhatnagar & Associates , a chartered-accountancy firm in Hauz Khas, Delhi. He holds a 30% capital share. During FY 2025-26 the firm:
7 May 2026
- 08
How to file ITR-3 with salary plus a business P&L (non-presumptive) -- AY 2026-27
Meet Gauri Saluja , 38, who runs a women’s apparel boutique in Indiranagar (Bengaluru). She also draws a part-time consulting salary from a friend’s apparel-tech startup. Her business turnover is ₹80 lakh – below the Section 44AB audit threshold of ₹1 crore – but she ch…
7 May 2026
- 09
How to file ITR-2 when you are a director or hold unlisted equity shares (AY 2026-27)
Meet Sahir Bhandari , 41, the Whole-time Director of Stratos Mobility Pvt Ltd, a Gurugram-based mobility startup. He’s also a founder-shareholder, holding 5,000 unlisted equity shares (face value ₹10, issue price ₹100). His salary income is straightforward, but two fact…
7 May 2026
- 10
How to file ITR-2 as a Non-Resident Indian (NRI) -- India-source income only (AY 2026-27)
Meet Aniruddh Mansukhani , 35, an IT consultant who relocated to Dubai 2.5 years ago. He has been in India for just 18 days during FY 2025-26 (visiting parents). Under Section 6 of the Income-tax Act, he qualifies as Non-Resident (NR).
7 May 2026
- 11
How to file ITR-2 after selling a residential property with Sec 54EC bond reinvestment (AY 2026-27)
Meet Meher Talwar , 48, a senior consultant at Vista Media in Mumbai. In September 2025 she sold a Bandra West apartment her late mother left her – held by Meher for 9.5 years. Sale price ₹2.6 crore. Original cost ₹80 lakh. Within six months of the sale she parked ₹50 l…
7 May 2026
- 12
How to file ITR-2 with salary plus listed-equity capital gains (AY 2026-27)
Meet Ishan Khurana , 32, a software engineer at Phi Tech Industries in Pune. His employer pays him ₹23.5 lakh a year. On the side, he trades listed equity. During FY 2025-26 he had two material exits:
7 May 2026
- 13
How to file ITR-1 as a senior citizen with pension and FD interest (AY 2026-27)
Meet Vikram Bhalla , 67, a retired bank manager living in Sundar Nagar, Delhi. He receives a monthly pension from his former employer (Punjab National Bank) and earns interest on multiple fixed deposits. This article walks Vikram through ITR-1 filing – highlighting the …
7 May 2026
- 14
How to file ITR-1 if you live in a rented apartment and pay HRA (AY 2026-27)
Meet Niharika Saluja , 27, a data analyst at Sigma Analytics in Delhi. She rents a one-bedroom apartment in Vasant Vihar for ₹25,000 a month. Her employer pays her ₹2,40,000 a year as House Rent Allowance (HRA). She wants to claim the Section 10(13A) HRA exemption under…
7 May 2026
- 15
How to file ITR-1 when you switched jobs mid-year (AY 2026-27)
Meet Devansh Bhatnagar , 28, a software engineer in Bengaluru. He worked at Beta Software Solutions from April to August 2025, then moved to Gamma Cloud Services from September 2025 through March 2026. Two employers, two Form 16s, two TDS deductions – one ITR-1 to file.
7 May 2026
- 16
How to file ITR-1 with a single salary -- Form 16 import walkthrough (AY 2026-27)
This is the document-import version of the ITR-1 single-salary walkthrough. The cold-start manual-entry version is the companion article . Same person, same income facts, same final tax outcome – just a much faster route to it.
7 May 2026
- 17
How to file ITR-1 with a single salary -- manual entry walkthrough (AY 2026-27)
Meet Aaryan Khurana , a 30-year-old software engineer in Gurugram. He earns ₹7,80,000 in gross salary from one employer, has invested ₹1,50,000 in PPF during the year, and earns ₹8,000 in interest from his savings account. This is his first time filing on his own. This …
7 May 2026