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Presumptive Taxation Scheme for Freelancers/ IT professionals

Can IT Freelancers/Professionals Use the Income Tax Presumptive Scheme?

If you work as a freelancer, professional, or consultant, you are only required to pay income tax on half of your gross annual…
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Marginal Relief from Surcharge on Income Tax

Marginal Relief required for those whose Income Exceeds Marginally

The notion of marginal relief is intended to give a taxpayer with relief from surcharge levy if total income surpasses slightly more than…
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GST Registration For Ecommerce

Time of Supply for E-commerce Business under GST

Delivery time refers to the time at which goods/services are considered to be supplied ’. When the seller knows the ‘time’, it helps…
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Income Tax on Transfer by a partner of his share in a Partnership Firm

Income Tax on Transfer by a partner of his share in a Partnership Firm

Although Partnership Firms do not have a separate legal entity, for Income Tax, they are treated as separate from their partners. These firms…
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