u/Deep_Marsupial_7569

▲ 2 r/Upwork

To all upwork freelancers from India, how do you report your upwork income? Do you report it as professional income and use 44ADA or report it as business income and pay only 6% of the total receipt amount? I have been using the first option but I got a suggestion from a person that I can use the second option too, which I am almost certain that it is the wrong way. I was just curious hence throwing the question here to know other people thoughts on this.

reddit.com
u/Deep_Marsupial_7569 — 9 days ago

Hi everyone,
I recently bought a piece of land for 26 Lakhs. The lands circle rate value is around 36 Lakhs (Due to recent increase in circle rate).

I paid stamp duty on 36 Lakhs so this is sorted.
I paid all the money via cheque and online mode.

The thing I am worried about is the difference in circle rate value and actual transaction which is 10 Lakh (36-26).

Do I need to declare this as income?
Is it a income or capital gain for me?
How can I avoid this completely?

Please note: I have already purchased this land in Feb, 2026 and I reside in Prayagraj, UP

reddit.com
u/Deep_Marsupial_7569 — 13 days ago