IT professionals in Bangalore: RSU taxation, moonlighting AIS mismatch, 44ADA ₹75L — compliance for Whitefield, Koramangala, HSR, Electronic City.

If you are a resident Indian (spending 182+ days in India), your global income is taxable in India regardless of where it is paid or held. Salary from a foreign employer credited to an overseas account is still taxable under the head 'Salaries' in India. You must report it in your ITR. The foreign employer is not required to deduct Indian TDS — you pay tax via advance tax and self-assessment tax. The overseas bank account must be disclosed in Schedule FA of the ITR every year. If the foreign employer taxes the income in their jurisdiction, you may claim DTAA relief to avoid double taxation.

RSUs generate two tax events. At vest: the FMV of shares on the vest date minus any amount you paid (usually nil for RSUs) is perquisite income under section 17(2)(vi) — taxable as salary, with TDS withheld by your employer in that year. At sale: when you eventually sell the shares, the difference between sale price and the FMV on vest date (your tax cost basis) is capital gains. Holding period for STCG/LTCG is measured from vest date, not grant date. For listed foreign stock (e.g. US-listed), the holding period threshold for LTCG is 24 months.

When you join a new employer mid-year, they calculate TDS on their salary without knowing what your previous employer paid. If you did not submit Form 12B (declaration of previous employer's salary) under section 192(2B) to your new employer, they treat you as a fresh employee and may over-deduct. In your ITR, consolidate both Form 16s — add the total salary from both, apply deductions once, compute net tax, and compare against total TDS deducted by both employers. If total TDS exceeds net tax, you get a refund. File ITR-1 if no other income source; ITR-2 if you have capital gains.

Yes — ₹65L is below the ₹75L threshold for 44ADA (provided more than 95% of your receipts are non-cash). Under section 44ADA, you declare 50% of ₹65L = ₹32.5L as net income without maintaining books. No tax audit required. If your actual profit is higher than 50%, you can still use 44ADA — you only benefit if actual profit is below 50%. Note: Karnataka Professional Tax of ₹2,500/year is a separate obligation for self-employed professionals; GST registration is required if taxable services turnover exceeds ₹20L.

Yes. LRS remittances for investment (equity, mutual funds, bonds — other than education or medical) above ₹7L per year attract Tax Collected at Source at 20% from October 1, 2023. On ₹15L remitted: TCS = 20% × (₹15L − ₹7L) = ₹1.6L. Your bank (AD) collected this and deposited with the government. It appears as credit in your Form 26AS under 'TCS'. When you file your ITR, this ₹1.6L is set off against your tax payable — or refunded if it creates excess tax. The TCS is not an additional tax; it's an advance collection. Additionally, the US brokerage account must be disclosed in Schedule FA of your ITR.