Let me earn a lil
Today was filing ITR and CA told you have tax payable 80k I did some freelancing I didn't realize freelancing pe bhi I need to pay tax Kya fayda yaar raat bhar extra hours jaagke kaam kiya, ab jo kamaya tha aadha tax. Tbh I wasnt expecting freelancing vale kaam pe tax
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Taxing is not bad, but the double taxation is the real pain. You pay to earn. Pay to spend. Pay to save for the future. You need to pay even for losing money.
Have you claimed expenses for this income ?
No
What is your CA doing then
Has money come from outside India. If not, dont show as income
Dm me in case you want to understand better
How to do that? I mean what it will be shown as?
Aap apni gotiya bhi bech doge to Nirmala auntie short term gain tax laga degi
Yaha pe you need to pay 18% tax on health insurance and 12% on meds. We basically pay money to the government for their own incompetence. Toh freelancing pe tax toh they'll never let go
They don't let go even 100₹ earned on savings account interest. Since last few years savings interest is also captured.
Can i ask you what freelancing you did ?
Content writing
And falling in advance tax bracket with 234 A/B / C interest getting levied ?
6k
Or talk to your existing CA
Freelancing = Business If you fail, Govt is no where to support... and you pay the price of doing (trying) it. But if you get success, Govt will come and demand Tax!
Freelancing pe toh 50% off h if coming from outside India.