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Freelancers and consultants are subject to income tax just like salaried individuals, but their income is treated as business or professional earnings under the Income Tax Act. With multiple income streams, TDS entries, and expense claims, filing taxes  can be complex. The government’s emphasis on digital compliance and updated tax rules under Budget 2025 has made online filing platforms indispensable. AI-powered platforms like TaxBuddy  simplify ITR filing for freelancers by

Income tax refunds arise when taxes paid exceed the actual tax liability after deductions and exemptions. Timely filing, accurate income reporting, and validated bank accounts are critical to ensure a smooth refund process. Both salaried employees and freelancers must carefully follow ITR rules and compliance requirements to avoid delays. Using verified platforms like TaxBuddy helps manage filing, e-verification, and refund tracking efficiently, minimizing errors and ensurin

Filing an Income Tax Return (ITR) for multiple sources of income—salary, freelance work, and investments—requires precise reporting and careful aggregation. Accurate declaration ensures compliance with the Income Tax Act, 1961, helps avoid notices or penalties, and enables proper calculation of tax liabilities. With the FY 2024-25 deadline set for September 15, 2025, taxpayers must ensure that all income sources are correctly captured, deductions are claimed appropriately, a

Freelancers and consultants in India must navigate unique challenges while filing Income Tax Returns (ITR) for FY 2024-25. Unlike salaried employees, their income is not subject to automatic TDS, making accurate reporting, expense tracking, and timely filing essential. Choosing the correct ITR form, maintaining supporting documents, providing bank account details, and understanding deductions under both the presumptive and regular taxation schemes are key to compliance and av

Freelancers in India earn income through professional services, multiple clients, or project-based work. Filing taxes correctly is...

Freelancers and consultants in India face unique tax challenges due to multiple income streams, varying expenses, and compliance...

Self-employed professionals often face unique challenges when filing income tax , especially when deciding between the old and new tax...

Managing income from multiple sources can be challenging, especially when combining salaried and freelance earnings. Dual income filing...

Chartered Accountancy (CA) students often take on freelance projects while pursuing their studies. These projects, whether advisory work,...

Section 44ADA of the Income Tax Act, 1961, is a simplified tax scheme designed for resident individuals, Hindu Undivided Families (HUFs),...