How to Report Lemon Squeezy Income in ITR — Filing Guide for India
Last updated: March 2025 · Reviewed by TaxTap CA team
Report Lemon Squeezy income under 'Profits and Gains from Business or Profession' in your ITR. Use ITR-4 for presumptive taxation (44ADA/44AD) or ITR-3 for actual expense claims. Never file under 'Other Sources'.
Who this applies to
- Lemon Squeezy earners filing ITR for the first time
- Professionals confused about how to report Lemon Squeezy income
- Lemon Squeezy users with income from multiple sources
- Freelancers switching from salary to Lemon Squeezy income
How this works for Lemon Squeezy
Report Lemon Squeezy income under 'Business/Profession' head — not 'Other Sources' or 'Salary'.
Choose ITR-4 for presumptive taxation or ITR-3 for actual expenses.
Download Lemon Squeezy earning statements/reports as proof of income.
Check Form 26AS/AIS for TDS already deducted and claim credit.
Convert foreign currency receipts to INR at SBI TT buying rate on receipt date.
Due date: July 31 (non-audit) or October 31 (audit cases).
Real examples
Lemon Squeezy income with presumptive tax
Filing ITR-4 with Lemon Squeezy income under 44ADA.
Lemon Squeezy income with actual expenses
Filing ITR-3 when expenses exceed 50% of income.
What should you do?
Expenses under 50%? Use presumptive (ITR-4). Over 50%? Use ITR-3.
Lemon Squeezy statements serve as income proof. Keep bank statements matching.
File Form 67 for Foreign Tax Credit if tax was withheld abroad.
Mixed income (salary + freelance)? File ITR-3 regardless.
Mistakes to avoid
Filing Lemon Squeezy income under 'Other Sources' — kills deduction eligibility.
Not downloading Form 26AS before filing.
Missing July 31 deadline — late fees of ₹5,000.
Not keeping Lemon Squeezy payout reports as documentation.
Not declaring foreign income — triggers scrutiny.
Documents you need
- Lemon Squeezy earning reports/statements
- Form 26AS / AIS
- Bank statements
- All invoices issued
- FIRC/BRC for foreign payments
- Expense receipts
Still confused about which ITR form to pick?
Wrong form = wrong deductions = more tax. Let a CA handle your filing end-to-end.