Income Tax for Freelancers and Gig Workers: The Complete Picture
Freelance tax isn't one task, it's four running at once: how your income is taxed, advance tax due dates, TDS credits, and GST registration. Here's how they fit together.
5 articles
Freelance tax isn't one task, it's four running at once: how your income is taxed, advance tax due dates, TDS credits, and GST registration. Here's how they fit together.
Declare profit at a fixed percentage of turnover, skip full books and a tax audit. Here's exactly who qualifies for Section 44AD and 44ADA, and what it costs you.
Crossing the turnover threshold isn't the only way a Section 44AB tax audit becomes mandatory. Presumptive taxation choices can quietly trigger it too.
Miss an advance tax instalment and interest starts quietly adding up. Here's who must pay, the due dates and percentages, and how Section 234B and 234C actually work.
Picking the wrong ITR form is a common, avoidable mistake. Here's a practical way to work out which of ITR-1 through ITR-4 actually fits your situation.