TAXABILITY ON FREELANCE INCOME

Tax queries 113 views 2 replies

My son, who is ordinarily a resident Indian, works on FREELANCE to some foreign establishments and receives payments through PAYPAL to the credit of his ordinary SB account. No TDS is deducted.
 

Please guide regarding the

1. taxability of the income

2. if taxable, what are the taxes

3. what are the returns to be filled

4. is ONLINE FILING possible 


 

 

Replies (2)
1. yes income is taxable
2.normal slab rate is applicable
3. ITR 3 or 4 in case showing as professional income else ITR 2 as other source
4. yes you can file it online as normal people

Thank you very much Mr Abhay.

Please let me know whether the income is liable for GST...

Thanks


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