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..
Tag: income tax 2025
GST on Cross-Border SaaS: Place-of-Supply & LUT Filing Steps
For Indian SaaS start-ups and software exporters, understanding GST on cross-border transactions is crucial. Mistakes in place-of-supply, LUT filing, and zero-rated supply treatment can lead to..
Should Freelancers and Consultants File ITR-4 for 2025?
Introduction Freelancers and consultants are important contributors to the modern economy, providing services in sectors like IT, marketing, consulting, education, and more. However, when it comes..
What is Section 80C? Popular Deductions to Save Tax for 2025
Introduction Section 80C of the Income Tax Act, 1961 is the most widely used and powerful tax-saving tool available to individual taxpayers and Hindu Undivided Families..
What is Form 16? Everything a Salaried Employee Should Know
Introduction For salaried individuals in India, Form 16 is a crucial document for filing income tax returns and claiming refunds. It acts as a certificate of..