Hi, I'm (25M) an Indian Artist specializing in paintings on canvas and heavy paper mediums. I sell my original works and limited edition reproductions through my website. Also do custom commissions but it is not my main source of income. Most of my artworks are sold internationally. I have registered my profession as business and also have necessary permits like IEC code. I work from home studio and do all work by myself so maybe it can be counted as freelance?
My yearly income range from 8 to 9 lakhs out of which 1 lakh goes towards material cost and extra 75,000 to 1 lakh or sometimes even more for international shipping cost. Also have patreon following page which generates me donations of about ~40,000 monthly.
Firstly, I would like to know, am I eligible for 44ADA. Also want to know money saving benefits or specially saving on business expenses like international shipping cost for people in such profession. Or any tax reduction route I should take?
Thank you for your time.
CAclubindia
