I am a freelancer and I work for foreign clients. How can I reduce my tax outgo and also invest in tax savers?
Jan 10, 2025
Freelancers working with foreign clients can reduce their tax outgo by opting for presumptive taxation, using the Double Taxation Avoidance Agreement (DTAA), maximizing deductions through tax-saving instruments, qualifying for GST exemption as an exporter of services, and building long-term savings. These strategies can reduce tax liability, eliminate bookkeeping, and provide financial security for freelancers.
#Accounting & Auditing
#Financial Planning & Management
#Investing
#Tax Preparation & Planning