Tax treatment of freelancer

Hello Ashish,

The proceeds from provision of such sevices will be eligible for income tax under the head "Profits and Gains from Business and Profession", and yes, all the expenses incurred for the purpose of earning the income shall be deducted from such proceeds to ascertain the income chargable to tax.

As for the sections, yours is a very general case laid out in the applicability section 28(i), while the deductions are allowable according to provisions laid out in sections 30-37.

Hope this was of Help.

Ansari Salman