Had a query.
I am a salaried guy for now but planning a side business of e commerce / dropshipping. I do not wish to create a company. Will be paying income tax anyways.
Current taxable income is 5.5 Lacs
Q: What will be Income Tax slabs (old regime)?
Q: How to file ITR?
Q: Can I register on GST as individual? Do not wish to create a company right now
Q: Other tax liability (if any)?
Q: Any other legal limitations to consider?