Freelancers, Businesses, and Professionals(Basic)

Freelancers , Insurance & Commission Agents ,Businesses under Section 44AD/44AE, Professionals under Section 44ADA.

• ITR Filing Assistance by CA Experts
• ITR Preparation by Certified Chartered Accountants
• Tax Planning And Tax Savings Strategies
• Suggestions on Best Tax Saving Options
• Quarterly Advance Tax Services
• 24x7 Customer Support From CA Experts

Freelancers:

• Income Tax Return (ITR) Form: You'll likely use either ITR-3 or ITR-4. ITR-3 is for income from business or profession in general, while ITR-4 is for those opting for the presumptive taxation scheme (declaring a percentage of gross receipts as income).
• Form 26AS: This form summarizes your tax information, including Tax Deducted at Source (TDS) by clients. It helps calculate your tax liability.
• Records of Income and Expenses: Maintain good records of your freelance income (invoices, contracts) and business expenses (rent, travel, equipment) to support your tax deductions.

Businesses and Professionals:

• ITR Form: The specific form depends on your business type and income. Consult a tax advisor for the appropriate form.
• Form 26AS: Similar to freelancers, this form is crucial for tax calculation.
• Financial Statements: Business bank statements, profit and loss statements, and balance sheets will be needed.
• Business Registration Documents: Proprietorships may need a copy of their Gewerbeamt registration (Germany) or Business License (US), while Companies will need their Certificate of Incorporation.

Additional Notes:

• TDS certificates issued by clients (if applicable).
• Proof of tax payments made during the year (advance tax, self-assessment tax).
• For businesses with turnover exceeding a certain limit (e.g., Rs 1 crore in India), a tax audit report might be mandatory.