Common Mistakes Taxpayers Make While Choosing Business Code 09028
When you file your Income Tax Return (ITR), the government wants to know what kind of work you do. The Business Code is a 5-digit number that tells the Income Tax Department your exact nature of business or profession.
How Freelancers Can Save Income Tax Legally?
Freelancing offers flexibility and freedom, but it also brings financial and tax responsibilities. Unlike salaried employees, freelancers do not usually have an employer managing TDS, tax deductions, or compliance automatically. Freelancers must handle their own invoices, taxes, GST, expenses, and advance tax payments.
Comparison Guide: 44AD vs 44ADA vs Regular Tax – Which Tax Regime Should You Choose?
This practical guide explains the difference between 44AD vs 44ADA vs Regular Tax, helping you understand eligibility, income calculation, compliance requirements, and when each option may be suitable.