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With more freelancers and gig workers rising in India, many still struggle with proper income tax filing.
At Growthlink Tax Filings, we've observed that most freelancers:
🔹 Don’t report full income from multiple clients/platforms
🔹 Ignore GST registration (if turnover exceeds ₹20L)
🔹 Miss out on deductions under 80C, 80D, 80GG
🔹 Don’t maintain digital invoices or proper bookkeeping
🔹 Fail to file ITR-3 or ITR-4 (instead file ITR-1, which is wrong)This leads to notices from ITD, delayed refunds, and unnecessary penalties.
✅ Tip: Freelancers can opt for Presumptive Taxation under Sec 44ADA if income < ₹50L — and pay just 50% of gross as taxable income.
If you’re a freelancer or consultant, feel free to ask your ITR queries here — happy to help!
— Narasimha
www.growthlinktaxfilings.com
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