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Read more about the article Section 44ADA: Presumptive Tax Scheme for Professionals in India

Section 44ADA: Presumptive Tax Scheme for Professionals in India

  • Post author:TAXVIC
  • Post published: November 16, 2023
  • Post category:Freelancers & Self-Employed
  • Reading time:9 mins read

Are you a freelancer, consultant, or independent professional in India who spends restless nights worrying about tax audits, saving every tiny coffee receipt, and managing complex bookkeeping? You are not…

Continue ReadingSection 44ADA: Presumptive Tax Scheme for Professionals in India
taxation-on-influencer

Taxation on Influencer Income from Social Media: What Influencers in India Need to Know?

  • Post author:TAXVIC
  • Post published: September 23, 2023
  • Post category:Freelancers & Self-Employed
  • Reading time:5 mins read

The advent of social media in recent years has revolutionized the way we interact, connect, and even do business. For many people, social media sites such as Instagram, YouTube, TikTok,…

Continue ReadingTaxation on Influencer Income from Social Media: What Influencers in India Need to Know?
Read more about the article The Freelancer’s Cheat Code to 0% GST: LUT Registration for Freelancers Taking GST

The Freelancer’s Cheat Code to 0% GST: LUT Registration for Freelancers Taking GST

  • Post author:TAXVIC
  • Post published: August 6, 2023
  • Post category:Freelancers & Self-Employed
  • Reading time:6 mins read

Description: Learn how LUT registration lets freelancers export services at 0% GST, who qualifies, common mistakes, and the exact filing process. A freelancer billing a US or UK client often…

Continue ReadingThe Freelancer’s Cheat Code to 0% GST: LUT Registration for Freelancers Taking GST
Learn about the new TCS regulations on foreign remittances under the LRS scheme introduced in Budget 2023. Understand the revised rates, exemptions, and their impact on international credit card transactions.

TCS Regulations under the Liberalized Remittance Scheme (LRS) 2023

  • Post author:TAXVIC
  • Post published: May 29, 2023
  • Post category:Freelancers & Self-Employed/NRI Taxation & Compliance
  • Reading time:5 mins read

In Budget 2020, it was announced that if you remit money under the Liberalized Remittance Scheme (LRS) and it reaches a certain threshold, the TCS will apply. As a result,…

Continue ReadingTCS Regulations under the Liberalized Remittance Scheme (LRS) 2023
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