Tax on income for freelancers working from home
Crusader
(Querist) 22 November 2010
This query is : Resolved
Hi,
My wife earns money being a freelancer writer and works using home and internet.
I would like to request for suggestions/ideas on what all would be taxable in such cases, and what expenditures could be non-taxable. Also what all tax saving options are available in such cases for a women.
Any suggestions on a consultant for the same in Noida would be great too, along with rough idea on the consultation charges.
Please note we need somebody who could 'suggest' on making income non-taxable based on various rules for self employed freelancers and not just tax calculation.
We will use this information to pay tax and
later file returns.
Thanks for all the help!
R.Ramachandran
(Expert) 22 November 2010
Dear Crusader,
All the earnings would form part of the 'income'.
Thereafter, if for earning such 'income' your wife is incurring expenses - say telephone expenses, conveyance, peons, papers etc., the same can be shown as deduction.
Further she can get exemption by investing in permissible savings like PPF, Infrastructure bond etc.
Except there are no other avenues by which the 'income' can be saved from tax.
Parthasarathi Loganathan
(Expert) 22 November 2010
Mr.Ramu is also a good tax consultant. Since the assessee being an women, she is also entitled for special tax rebates.
Crusader
(Querist) 22 November 2010
Thanks for the quick replies and the clarification, it surely helped. Mr. Parthasarathi, yes exactly i was looking for information on some special tax rebates for Women.
Also, did you mean Mr. R. Ramchandran when referring to 'Mr. Ramu'.
I would like to get in touch with anybody to guide on these women specific tax rebates and further prepare the tax to be paid.
Thanks again, highly appreciated !
Parthasarathi Loganathan
(Expert) 22 November 2010
Yes, in our Tamil Community the name Ramachandran is affectionately called as Ramu. You can find the latter's professional expertise and his detailed honest replies to all the queries posted giving little room for ambiguity. You can get these rebate details clarified by visiting the CAclubindia where you will get professional guidance. All the Best.
Avinash Dube
(Expert) 24 November 2010
if for earning such 'income' your wife is incurring expenses - say telephone expenses, conveyance, peons, papers etc., the same can be shown as deduction.
Further she can get exemption by investing in permissible savings like PPF, Infrastructure bond etc.
Except there are no other avenues by which the 'income' can be saved from tax.
the assessee being an women, she is also entitled for special tax rebates.
