Introduction: The Budget 2023 has brought significant changes to the income tax structure in many countries. The new income tax regime aims to simplify the tax filing process while introducing revised tax rates and removing several deductions and exemptions. This article highlights the key changes introduced in the Budget 2023 and explores the pros and …
Information The Income Tax Act, 1961 states that – Any money made by demonstrating your mental or physical ability (Simply Skill) is money generated from a business. Earnings from freelance employment are classified as “earnings and profits from business or profession.” That’s because such earnings fall under or are considered as self-employment profits. There are …
Tax on Freelancers in India: Everything You Need to Know Read More »
Introduction A lot of buzz gets explode during a particular month of a year forcing you to file your income tax return and so on. Infect now a days even government also telecasts advertisement that every citizen should file income tax return. So in this blog we will focus on what is income tax return, …
