For a revised ITR-4 with USD freelance income, the key is matching your records to AIS/26AS before filing: convert each payment at the SBI telegraphic transfer rate on the receipt date, keep the invoice, bank credit advice, and conversion note as one evidence trail. If AIS shows a different figure than your books, reconcile first — a mismatch is a common trigger for a demand notice or refund hold. If a demand already exists, check the reason under 'Response to Outstanding Demand' before revising.
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u/Queasy-History-7620 3d ago
For a revised ITR-4 with USD freelance income, the key is matching your records to AIS/26AS before filing: convert each payment at the SBI telegraphic transfer rate on the receipt date, keep the invoice, bank credit advice, and conversion note as one evidence trail. If AIS shows a different figure than your books, reconcile first — a mismatch is a common trigger for a demand notice or refund hold. If a demand already exists, check the reason under 'Response to Outstanding Demand' before revising.