How self-employed income is assessed
Two routes exist, and picking the right one decides your sanction.
- Standard programme: last two or three years of ITR with computation, P&L and balance sheet
- Banking or turnover programme: 12 months of current account credits, useful when ITR income is modest
- GST-return based assessment for traders and service businesses
- Add-backs for depreciation and partner remuneration, which many applicants forget to claim
