Types of ITR Forms
Do you want to file your ITR? Before filing, know which ITR form to select for filing your Income Tax return for the year.
Do you want to file your ITR? Before filing, know which ITR form to select for filing your Income Tax return for the year.
Why should you file ITR?
It is mandatory to file income tax returns (ITR) in India if any of the conditions mentioned below are applicable to you:
14. Senior Citizens: Reduced Compliance burden. 75 years and above. Proposal not to file ITR if only pension income and interest income
18. Relaxations to NRI:
25. Incentive to start-up
26. Duties reduced on various textile, chemicals and other products
India is one of the 2nd largest market for the Freelancers after the United States with over 15 millions people are working in this segment as per the wikipedia. Most of these freelancers are working through some popular freelancer website or some have their clients outside India. About 50%-60% freelancer payments are coming through an international payment gateway i. e Paypal.
The financial discipline is the key to handle any kind of financial problem. Its important for us to take it seriously and work towards it. The founder partner of the firm, CA Bharat Poplani has shared his professional views on this important subject in an interview with Radio Channel 94.3 MY FM. The excerpt of the interview has been shared here.