Introduction-

~ Your invoice of $5,000 (INR 4,09,000) is about to get cleared.

~ You planned about how much to expend, how much to invest and how much to keep aside for liquidity.

~ You were expecting a bank addition of $5,000 but got only $4,950.

~ You just $50 (INR 4,090). You can now not match the amount you kept aside to buy your limited edition Laptop by $50 and have to wait more.

~ YOU FEEL CHEATED. YOU ARE ANGRY. YOUR PLANS ARE DERAILED.

But had you known about TDS and such provisions, you would have tweaked your plans accordingly. If you would have known about Advance Tax, you would have saved INR 10K in your interest. If you would have known about credit of TDS & Advance Tax, you would have filed your Income Tax Return and get that refund. But you didn’t.

A little awareness is the answer to avoid the derails, the interest / penalties, and get the refund.

With this in mind, check out the below presentation.

For transactions during the year 01.04.2022 to 31.03.2023, aka, FY 2022-23 & AY 2022-23.

Beginners Guide to Income Tax For Freelancers.pdf

You can view it from here as well.