I am a tutor and make about 18 lakhs a year. all my income is made through providing freelance tutoring service on freelancer.com (Australian website) and I get the money to my bank account through PayPal. now I run no business and all the money is received into my saving account about 1.5 lakhs per month. do I have liability to pay income tax? can I pay income tax as per 44ad? is there anything else that I need to know. would really help all the assistance (I am a total new bid and this is my first year of work)
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Generally people approaches CA's for filing return so that they can avail loan.
I just want to know how to determine/calculate the amount of loan an individual can get on his income tax return filed.
Please guide how to calculate the amount of loan one can easily get on his income tax return filed & also guide me all necessary important criteria in relation to same.
Eg loan can be determined by considering avg N.T.I of last 3 years, something like that.
Inconvenience is regretted.
Thanks in advance.
I want a clarity in point no 19, whether in that point I have to write my wish trade name or whether in which firm I want to do practice, because I m joining with my friend in practice, so I have to write that firm name or some other name nd one more point that whether i have to paste my photograph in this form or not
Dear sir,
I want to form a NGO whose work is for family planning and social help. But i am confuse which is better for me society or trust. I also want to take advantage of government fund and tax examination for donor. Please help in my registration and if you some good consultant than assist me.
Thank you
Dear Sir/Madam,
I am running coaching classes and my yearly income is around 14 lacs p.a.
Is it ok if i file my tax return under presumptive income under 44AD ?
Thanks
Best regards
Patel
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
Can i use 44ad for my income tax computation?