So i have some doubts regarding my freelance income and the tax and gst on it.
- If i file under section 44ada , the thing is if i have income of 40lakh and i file tax on 20lakh (50%) than how can i justify if i invested around 16lakh in stocks and suppose 8 lakh i payed for the prepayment amount of my home loan .. than its almost like i am spending 22 lakhs where i payed tax on 20 lakh only .. so what should be done here and if i suppose do 16lakh in stock and 8lakh i do a fd .. still its the same thing
- Also i have 3 payment sources so in gst how to show all these .. 1st payment i get directly in m bank account , 2nd i get in a online portal which does local offramp and then i offramp it to my bank and same for 3rd .. but how do i show this exactly in my gst returns and do i need to file return eveymonth with 0 gst as all are export of goods
- Do i need to file for a lut number and then attach that lut number in all of my next invoices now that i got a gst number ? like is this step required
- is firc required ? do i need to maintain files for firc ?
CAclubindia
