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Translation income

26 August 2018

I am a Translator and I earn through translation from English to Vernacular languages. All payments are received in electronic form.

While few clients deduct TDS @ 1%, there are clients who are not in based in India. However all payments are received in INR.

My questions are

1. Am I allowed to file my Income tax under sec 44AD

2. Do I need to pay Advance tax? If yes, As I am not sure the earning potential for the qhole year. So how should I compute Advance Tax?

Thanks for your time in advance.

Giridhar

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(Guest)

As the name suggests, advance tax refers to paying a part of your taxes before the end of the financial year. Also called 'pay-as-you-earn' scheme, advance tax is the income tax payable if your tax liability is more than Rs10,000 in a financial year. It should be paid in the year in which the income is received.