Friends I need Urgent Help.
My Client, an Individual, is residing in India. And Working ONLINE though a Website and Earning Money. He is a Programmer. His Clients on the Website are all Foreigners. And he receives his Fees from the Website directly in his Bank Account.
Do he have to File INCOME TAX RETURN in INDIA ????? If Yes, then Under what Head???
Are any other Provisions applcable to him???
Please reply soon . . 31st July is near . . .
Thanks Everyone !!!
Yes. He needs to file his income tax returns provided his income exceeds basic exemption limit not chargeable to tax. The income received by him shall be his business income and hence he can claim deductions of expenditures incurred for earning that income.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
