WebApr 10, 2024 · As a freelancer and consultant, one has to fill out and submit either ITR-3 or ITR-4. ITR-3 applies to income from business or profession. From AY 2024-18 (FY 2016-17), professionals can opt for presumptive taxation and declare 50 per cent of their gross receipts as their income by filing ITR-4. WebMar 23, 2024 · Verdict: H&R Block is the free tax software that can be extremely helpful for many. The free version is reported to be better than the free options offered by others. The pricing is high for the paid plans. Price: Price plans are as follows: Deluxe: Starts at $49.99 + $44.99 per state filed.
For Tax professionals ABR
WebFeb 1, 2024 · Professionals carrying on the above mentioned specified professions are required to maintain books of accounts in accordance with Rule 6F of the Income tax … WebTax Reform for Acceleration and Inclusion (TRAIN) or Republic Act No. 10963 (RA 10963) which has been effective January 1, 2024 has introduced reforms in withholding taxes in … bull weevils
6 Best Professional Tax Software Programs for 2024 - Fit Small …
WebJul 11, 2024 · What is the presumptive scheme for taxation for professionals. As per Section 44ADA of the Income Tax Act, specified professionals have the option to opt for a scheme under which they can offer 50% of your gross professional receipts as taxable profits from profession provided the gross receipts from the profession does not exceed … Web15% Withholding Tax Treatment. The non-resident professional is subject to a final withholding tax of 15% on the gross income/fee derived from services performed in Singapore. Under the 15% withholding tax treatment: Gross income refers to both cash and non-cash payments and includes: accommodation provided/reimbursed by payer; WebFor Tax professionals. Tax professional's services explained; Applying for an ABN; Updating or cancelling an ABN. Update your client’s ABN details; Cancel your client’s ABN; Changing … haiyan brother united fastener