If you are one of those people who successfully leverage their talent or passion to earn through online platforms, don’t forget to comply with income tax rules, just because you are not in a formal job. Tax-related formalities and implications you need to do would depend on the source and amount of income. There can be direct as well as indirect tax-related formalities that you may need to do such as maintaining books of accounts, paying advance tax, complying with Goods and Services Tax (GST) Act and filing income tax returns (ITR).
Edelweiss MF’s Trideep Bhattacharya: Inflows following earnings growth last longer
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