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Freelancers typically tend to handle multiple clients to have a steady stream of income. So, let us chart out a typical freelancer’s likely income source(s) and payment-received structure.
Assuming, One or Many from the following is true ,
You (The Typical Freelancer)

1. Accept funds in multiple currencies.

2. Use multiple payment gateways to accept payments (Paypal, Xoom , Stripe, Skrill (previously known as MoneyBookers), Payoneer etc).

3. Use multiple freelance marketplaces to source for clients, and then get paid into these sites (eg :Elance, oDesk, Twago , Freelancer.com etc).

4. Payments received into your acct  in (2) and/or (3) are later transferred to YOUR bank account in INR.

5. Payments are directly made to your bank account by clients electronically, via cheque etc.

6. You have one or more bank accts into which you pool your freelancing income. Obtain bank statement for the period 1-April-2012 to 31-March-2013, and isolate income transactions.

 

TABLE 1 – Income Sources FROM 1–April-2012 TO 31-March-2013
Income from freelance work, consultations etc.
Referral commission
Interest  from bank Deposits – FD / RD etc
Interest from Post Office Monthly Income Schemes
Insurance commission
Rent (received) from plot / land
(Gross Income) TOTAL INCOME

Not sure about the list of Income Sources ?

INCOME TAX / Heads Of Income– A Comprehensive List  , put together by RC Jain & Associates. Download and read for each section. Employees Stock Options Plans  (ESOP) Income from other sources Capital Gains Income from Business and Profession Income from House Property Salaries

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