mautkebaadcashhai
mautkebaadcashhai
Freelancer

Freelancer, need tax help.

I did not pay any taxes in 2022, since I had not made any money.

From March '22 to March '23, I made around 28L, so 14L taxable. However, I'm only seeing advance tax payment option.

How do I pay tax for last year, or is it not needed and I pay advance tax only by extrapolating this year's income.

Or is the advance tax I'm paying for last year only?

Pls help, thanks.

20mo ago
potatomato
potatomato
Fintech Startup20mo

Advance tax will be from earnings between April (not March) 22 and March 23.

mautkebaadcashhai
mautkebaadcashhai
Freelancer20mo

nice. so whatever I've earnt between 01.04.22 - 31.03.23, that's what I am paying tax for now?

potatomato
potatomato
Fintech Startup20mo

Yep, on half of it since you’re option for 44ADA

SuperbCamp20
SuperbCamp20
kloud20mo

Contact CA this is complex and you may need GST also since turnover is above 20L

JealousMix70
JealousMix70
Acceldata20mo

How to get started upwork doesnt work😭

WavyOcelot46
WavyOcelot46
Freelancer20mo

You’ll need GST registration, get in touch with a CA

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