Anyone using the above for tax purposes?
Yes
Do you need to have a GST number snd pay 18% on income?
No, 44ADA is for folks that don’t collect GST. As long as you’ve earned less than 50L, you can avail 44ADA without a GST number
I have a question on 44ada Can I still claim 44ADA if I am contractor and employer is deducting TDA
Yes, I have used this. But for a smaller amount of 1 lakh only. Dont have any idea about gst.
The foreign companies pay you the exact amount without deduction and the taxes need to be paid by the individual.
Does the section 44ADA really help to save tax? What's the benefit if someone is earning the same amount from an Indian co...
I will go first:
TC - 18 LPA Paid Advanced Tax - 40k (final tax will be lesser)
I have been freelancing since Dec'23. They connected my account details via RIPPLING. They asked me to fill a form (W8-BEN) in which I had to add my PAN.
I pulled 26AS for 23-24 but not seeing anything from this company in there.
Sinc...