If your total tax liability exceeds ₹10,000 in a financial year, you are legally required to pay advance tax. Instead of waiting for year-end, the Income Tax..
Tag: Freelancer Tax India
Who is Eligible for the Presumptive Taxation Scheme?
The Presumptive Taxation Scheme (PTS) under the Income Tax Act, 1961 is a major relief for small businesses, professionals, and freelancers who want to avoid complex..
Presumptive Tax 44AD vs 44ADA: Turnover Limit ₹3 Cr Explained
For small businesses, freelancers, and professionals in India, the presumptive taxation schemes under Section 44AD and Section 44ADA provide a simple, low-compliance way to file taxes..