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Standard Deduction – Section 24a

Standard Deduction of 30% of Annual Value is allowed as deduction to every person. Any type of expenses incurred by the assessee for acquiring, constructing, repairing, reconstructing, maintaining, renovation, renewal etc shall not be allowed as deduction. Flat 30% of deduction shall …

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Income tax guide for Indian Freelancers

1. What is freelancing? 2. How freelancer earns? 3. Accounting for freelancer 4. GST on Freelancer 5. Income Tax on Freelancer What is freelancing? Freelancer is a person who is self-employed and generally works on project basis or assignment basis for clients. …

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