Tax Tips for Freelancers: Maximize Savings under Section 44ADA

Описание: Unlock the secret to simplified taxes for freelancers, creators, and consultants with Section 44ADA! This superhero provision under the Income Tax Act allows you to declare 50% of your gross income as expenses, reducing your taxable income and making tax filing a breeze.

NOTE: The limit for Section 44ADA has been revised from Rs 50 lakhs to Rs 75 lakhs from FY 2023-24.

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Find out more about the benefits of Section 44ADA, who can avail of it, and how to go about it in our latest video. Don't miss out on this boon for freelancers and subscribe to OpenFlo for more financial tips and tricks!!

Register for the webinar on Financial Planning for Freelancers: https://social.open.money/flo_YTDK

0:00-0:28 TAX FOR FREELANCERS
0:29-0:52 SECTION 44ADA EXPLAINED
0:53-1:41 BENEFITS OF SECTION 44ADA
1:42-2:07 WHO CAN AVAIL SECTION 44ADA
2:08-3:00 HOW TO AVAIL SECTION 44ADA
3:01-3:36 SIMPLIFY TAX FILING

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About OpenFlo:
OPEN Flo is an all-in-one digital banking platform, in partnership with Axis Bank, built for Freelancers. It comes with an Axis Bank digital current account integrated with tools for creating and sending estimates, managing invoices and payments, tracking client payments, paying vendors, handling expenses, and managing accounting and taxes.

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