Is "Financial Particulars of the Business" section appicable for Freelancer under Section 44ADA. If applicable, what are the fields to be filled?
Menu
Financial particulars of the business
Replies (5)
Mandatory fields are Sundry Debtors, Sundry Creditors, Cash and Inventory*...
Not mandatory for other fields...
Not mandatory for other fields...
For Freelancer, these fields will be zero or need to enter any value. if I received income under section 194J as professional. Please help me.
Yes.. You can fill 0 without blank...
All other leave blank...
All other leave blank...
Thank you. Is income from freelancer service match with Form 26AS. I paid self assessement tax for this income. Is any advance tax payment required for freelancer income under section 44ADA. The income is lessthan 10,000 in a year.
Advance payable by whose Tax liability above 10k. Otherwise no need to pay advance tax...
Tds also treat as Advance Tax... It's reduced Your tax Liability's interests.
Tds also treat as Advance Tax... It's reduced Your tax Liability's interests.
Recent Threads
- BOE not reflacting on IDPMS
- TDS On Property - Income Tax Notice
- High Value Transaction - FY 24-25
- ITR e-verified but not under processing for 5 mont
- Loan from NRI to OCI card holder
- Buy back of capital goods
- Foreign professional income.
- RCM Paid by NBFC
- TDS not deposited by the deductor
- Assessmet Procedure us 147
Related Threads
CAclubindia
