Income earned by freelancers are known as freelancing income. As per Income Tax laws in India , freelancing income is categorized as self employed income and for tax purpose it is treated as “Profit and gains from business or Profession”. Any Income , which is earned by displaying intellectual or manual skills is the Income from a profession according…
Updated return of income can be filed within 2 years from the end of relevant assessment year ,on payment of additional tax Tax relief to person with disability Tax Incentive for startup extended upto 31/03/2023 taxation on income from sale of virtual assests@30% Incentives for newly incorporated manufacturing entities under concessional tax regime 6. Income of a non-resident from offshore…
Real estate sector is one of the major economic sector for any country, especially India where this sector is getting the attention in the recent years. In this article we are going to discuss about GST implication in Real estate sector more predominantly real estate residential housing sector.
In the last two years, startups in our country faced unprecedented challenges due to the ongoing pandemic. Funds dried up for most, many entrepreneurs reeled under the multiple taxes, and quite a few shut down operations.