income tax on freelancing
hey folks do you declare any side/freelancing income information during return filing? if your side hustle is over 5L but less than 20L, will you declare or keep it hidden?
Isaiah Gabriel
Stealth
a year ago
Why would u not declare it I use 44ada
Jordon Everett
Stealth
a year ago
Declare it and just claim expenses legit, pay tax on it. Get the earnings in an entity if anything above 5 lakhs pa. Create value and not just revenue. Will help a lot in the future.
Matilda Taye
Stealth
a year ago
Create an LLP or an OPC to start with. Start billing on that name, that way you create value, reputation/goodwill.
See more comments
> keep it hidden
Unless you are getting paid in cash, or kind; expect an income tax notice!
Kalan Olive
Stealth
a year ago
Get paid in cash if possible. You can also get your payments wired to a family member in a low income bracket.
Save direct taxes; >90% citizens donāt pay a penny. Also why fund a politicianās next giant statue project.
Bank account name mismatch is one of the issue, thatās why cannot transfer to parents
