Paying Tax As A Freelancer In India | GST, Income Tax, Self-employment Tax, Freelance Tax Benefits скачать в хорошем качестве

Paying Tax As A Freelancer In India | GST, Income Tax, Self-employment Tax, Freelance Tax Benefits

Hey bhagwaan! Ye tax kaise file karoon? If you're a freelancer or thinking of starting a freelance business in India this video is for you! The tax hassles of freelancers are galore, as they just step into the world of building a new business for themselves, they also need to figure out how to go about the legal requirements for starting a freelance business in India. Fret not, and watch this video to gain a deeper understanding of business registration, tips on getting paid as a freelancer and the taxes in India for freelancers. Sanjana Bhagwat takes a deep dive into the world of taxation for freelancers. Timestamps: 0:30 Business registration 0:53 Tip for TDS 1:07 Registering as a proprietorship 1:24 Tips from a chartered account 2:15 GST for freelancers in India 3:00 GST simplified 3:45 Income tax for freelancers in India 3:53 Tax slab for freelancers 4:35 Freelance contracts Registration for freelance businesses: While it's imperative for businesses with an annual income of more than 20 lakhs to register themselves as per Indian tax laws. The same is not required for new businesses. Only a valid PAN card suffices. Why go for a basic proprietorship? The answer lies in the fact that you as a business owner can open a current account with a bank and claim GST on business expenses. Voluntary GST registration You first need to assess whether or not taking a GST number would be advisable for your business. The things you need to ask yourself are: Am I ready to incur the expenditure of a consultant on a monthly basis? Can you incur the cost of non compliance in case a scenario arises? Setting up contracts Drawing a clear and concise contract with your client is of utmost importance, as a freelancer. Details such as compensation, delivery time and negotiables should be clearly discussed and mentioned either on email or on a formal contract. Share this with someone who is just starting out and building a new business! Join Kool Kanya an online career community for women - https://bit.ly/3egKcG8 Follow us on Instagram: https://bit.ly/3yTGuKq Follow us on Facebook: https://bit.ly/36AUgFK Follow us on Linkedin: https://bit.ly/3i7QDML Sign up for our newsletter: https://bit.ly/3yVEvp4