Tax on consultant
Bhanu Prasad (34 Points)
03 January 2019Thanks
Bhanu Prasad (34 Points)
03 January 2019
Ranjeet Singh
(Corporate Law Matters & Taxation)
(565 Points)
Replied 03 January 2019
If you are asking about Income Tax for Professionals (individuals). You may simple declare 50% of your Gross receipts as your Income under Pre-assumptive scheme. You can also claims section 80 benefits.
Bhanu Prasad
(34 Points)
Replied 03 January 2019
Ranjeet Singh
(Corporate Law Matters & Taxation)
(565 Points)
Replied 03 January 2019
You are eligible for Tax Audit is such case. Audit your accounts with a practicing CA, in which you can claim more deduction/expenses.
Live class on PF & ESI Enrollment & Returns Filing(with recording)