Can we declare higher (than actual) income in ITR?

Hello everyone!

I am a self-employed individual (proprietorship firm), have been regularly filing ITRs. Since last year my total income is coming below the threshold (around 2 lakhs, and before that it came 1.75 lakhs).

My question is, can I declare higher income in ITR (say 3.5 lakhs, 4 lakhs, etc.) and pay whatever the taxes?

I want to do this to maintain a good income record for the purpose of loans/credit card.

Let me know your opinions.

Thank you for your time.

Replies (6)
Please go to Consult Your Consultant...
Based on your business turnover and source of income
Income generation is based on nature and style of your business,
For loans & credit card you may also income increase some percentage than the last Financial Year


It Will be Create a good Record for loans also in Income Tax Department
This is not the forum where such types of advices you should expect. Ethically too this is not right .
Better you approach your consultant
Yes I agree to experts, please consult your CA

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details