yes you can apply for 44ADA. 44AD not applicable in your case
44 ADA for website developer and SEO?
Consider a person performing the following services as a freelancer 1. Web Design (full website including content, design, speed optimization, and all things technical) 2. Search Engine Optimization (including technical site audits, onsite optimizations, keyword research, competitor analysis, outreach) Billed under Web Design or SEO or both. Money is received through paypal (foreign clients) and NO TDS is deducted. Is TDS deduction compulsory for 44ADA? I am told returns can be filed under "Information Technology" or "Technical Consultancy". Can such a person apply 44ADA? Is the option to file under 44AD also available? Thank you
Asked 2 years ago in Income Tax
- 44ADA is applicable.
- Obtain GST registration after crossing threshold limit of Rs. 20 lacs
- Pay Advance tax
- Maintain books of accounts to find out the income earned by you in a financial year.
TDS Deduction is not compulsory. Such person can file return under Sec 44ADA. 44AD will not be available.
This could fall under 44ADA.
The TDS liability is on person making payment. Since the person making payment to you are non resident hence no TDS needs to be deducted by them.
Yes 44AD option is available but if you fulfill all conditions of 44ADA you won't be eligible to claim benefit of 44AD.
Also, are you liable for GST?
Read more at: https://www.taxontips.com/gst-registration-for-freelancers-in-india/
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Thank you.
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