A to Z Tax Planning Guide for Small Businesses, Professionals & Freelancers | How to save taxes?

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This is a complete Tax Planning Guide for Small Businesses, Professionals, and Freelancers. As a small business owner, you likely have several questions: Can you earn business income with a salary? How to save taxes? Which ITR to file? What is presumptive Taxation? This video will simplify everything.
Read blog in english: labourlawadvisor.in/blog/tax-...
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Chapters:
00:00 Introduction
01:29 Business Income with Salary
02:19 Minimum Income to File ITR
02:50 Business/Professional Income
04:55 Expense & Depreciation
06:35 Accounting Methods
10:50 Presumptive Taxation
11:31 What is 44ADA?
12:40 Eligibility of 44ADA
13:22 Income from Foreign Sources
14:37 What is 44AD?
15:33 Eligibility of 44AD
17:59 Advance Tax Liability
18:59 Good and Services Tax
20:18 How to plan taxes?
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Tax planning and ITR (Quicko)
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#LLA #Taxplanning #IncomeTax

Пікірлер: 711

  • @LabourLawAdvisor
    @LabourLawAdvisor2 жыл бұрын

    Sell your products on #Amazon. Register using this Link: link.labourlawadvisor.in/Amazon-seller Hax to Save Tax: www.taxplanningforsalariedemployees.com 💸DEMAT Account: link.lla.in/Demat QuickPayroll: quickpayroll.in/

  • @mukulkashyap8395

    @mukulkashyap8395

    2 жыл бұрын

    Hello Sir I had bought a second hand scooty from a dealer on 23 Oct 2020 at Rs 50000 and he also took Rs 2200 from me for transfer. And he told me that the scooty will be transferred in 15 days but today it has been 1 year, my scooty has not been transferred yet. And whenever I call him, he keeps on lying that it will happen in a few days, every time he says the same thing. Kya me legally kuch kr sakta hun kya

  • @chandannayak1433

    @chandannayak1433

    2 жыл бұрын

    Plz give me ur mail id

  • @jain28vaibhav

    @jain28vaibhav

    2 жыл бұрын

    Sir, what about f and o income? Can I show it as presumptive income?since it is taxed as business income

  • @faizanmehraj246

    @faizanmehraj246

    2 жыл бұрын

    @@mukulkashyap8395 you need to file a fir agents him mention the same details

  • @thesocialcitizen3642

    @thesocialcitizen3642

    2 жыл бұрын

    @@mukulkashyap8395 you can apply directly to online.. it's very much easy nowadays..

  • @nehanagar
    @nehanagar2 жыл бұрын

    Liking new way of teaching 🙌

  • @LabourLawAdvisor

    @LabourLawAdvisor

    2 жыл бұрын

    Thank you so much ❤️

  • @faizulaman2253

    @faizulaman2253

    2 жыл бұрын

    Mam mujhe apka content bahuy psnd hai

  • @pankajsiwach656

    @pankajsiwach656

    2 жыл бұрын

    Sir/mam agar stock market se earn krte h to.. kis category m

  • @pateltejas2312

    @pateltejas2312

    2 жыл бұрын

    GST- Detail information kzread.info/dash/bejne/i6Cmw5uTmavXXcY.html

  • @harshjhunjhunuwala

    @harshjhunjhunuwala

    2 жыл бұрын

    @@LabourLawAdvisor Sir your course has a validity of 1 year. What if I want to recall a small thing for reference purpose from your course in future?

  • @prakhargupta2834
    @prakhargupta28342 жыл бұрын

    He is teaching the things which was needed to be taught in every school's from an early age

  • @pateltejas2312

    @pateltejas2312

    2 жыл бұрын

    kzread.info/dash/bejne/i6Cmw5uTmavXXcY.html

  • @sanketpradhan

    @sanketpradhan

    2 жыл бұрын

    absolutely ...

  • @smithabaiju2841

    @smithabaiju2841

    Жыл бұрын

    Absolutely correct!!

  • @secureassure5436

    @secureassure5436

    6 ай бұрын

    No school or college is enough to teach about laws or taxation of india because it's a pure shit..insaan pagal ho zaega lekin drama smzh nii aaega uske

  • @kanishkarj3691

    @kanishkarj3691

    4 ай бұрын

    Yeah but I don’t think we as student would have studied anyways😂

  • @namaskarprasad
    @namaskarprasad2 жыл бұрын

    Rishabh bhai food business mein bhi diversify karrahe hai🙂. Bdw The depth in the content👌

  • @LabourLawAdvisor

    @LabourLawAdvisor

    2 жыл бұрын

    haha, thanks bhai ❤❤

  • @ankuragarwal8237

    @ankuragarwal8237

    Жыл бұрын

    ​@@LabourLawAdvisori am working in an it company so can i use 44ada?

  • @sharanyarajup
    @sharanyarajup Жыл бұрын

    A much needed video for homemakers like me, lacking financial literacyfor whom it's difficult to get in touch with relevant people to gain such awareness. Thanks a ton. 🙏🏼☺️

  • @gouravbagora2600
    @gouravbagora26002 жыл бұрын

    Thanks to you guys we science students turned IT professionals are feeling much confident in our tax planning.

  • @avinasha3603
    @avinasha36032 жыл бұрын

    tax se darr lagtha tha pehle.... taxation ko bahut simplified kar diye aap! Thank you!!!

  • @alifepenneddown
    @alifepenneddown2 жыл бұрын

    I think, showing what experts like you use, gives us more insights about how to plan smarter! Thanks LLA!

  • @arpitpurbey
    @arpitpurbey2 жыл бұрын

    Abb me ye nahi kahunga kii Kass mujhe ye cheez pehle pata hotti. Thank you so much LLA for this. Keep it up!!

  • @neelmota
    @neelmota2 жыл бұрын

    I haven't watched your video yet, and I am already impressed by the thumbnail. Thanks for the information you are sharing, that information is priceless, we are directly getting benefits of your knowledge and experience without reading or studying those things. thanks

  • @itzmejax
    @itzmejax Жыл бұрын

    I find your videos very useful. Thank you to the entire LLA team, for spreading financial literacy. Keep up the good work 👍

  • @shubhamsarkar6563
    @shubhamsarkar65632 жыл бұрын

    Beautiful curated the whole tax planning structure ... something that I was searching for this whole time on KZread. Great work 👍🏻

  • @pkn8707
    @pkn87072 жыл бұрын

    Rishab Sir The way you give these simple and basic knowledge for free is really beneficial to anyone who even thinks about starting a business. As we know already a true businessman always things about the profits and taxation has always been a hindrance to even thinking about starting the business. I'm really grateful to you and your team to bring out such video and providing actual and legal facts. Please 🙏, if you can, keep the basic videos free for all so that already those small and medium businesses could really understand the taxation so that the existing businesses wouldn't get close due to losses and new business don't get demotivated by looking at the tax laws. Also the govt will recieve the much needed tax. Win-win situation. You are in a away contributing to development of the country. Keep doing the best(as you are already doing) 👍 And creating such great content

  • @ashishdubey3172
    @ashishdubey31722 жыл бұрын

    Sir life savior ho aap....I am a medical student...lekin Financials me mera bahut interest hai...aur apki videos mere questions ka pin point answer hotin hain...

  • @rohitpathak1818
    @rohitpathak18182 жыл бұрын

    After your Section 44ADA suggestions I feel like I'm saved, I'm an Architect and we outsource Interior and Architecture services to US. Thanks again for the video!

  • @thar4x4
    @thar4x42 жыл бұрын

    The Best Educational Indian Channel on KZread. LLA has covered so many topics which everyone should be aware of yet only a handful of people know about it. I wish we had this channel when we were growing up so we could have been more financially aware and financially sound today. But Better Late than Never. Keep up the good work Team LLA 👍

  • @dhoke.chaitanya
    @dhoke.chaitanya2 жыл бұрын

    Being an Income-Tax Sleuth, I liked the way you explained 👍🏼👍🏼

  • @sushamasingh5045
    @sushamasingh50452 жыл бұрын

    Understand concepts very easily and most error The interruptions that come our way are also found in your videos. thank you so much for productive videos🤗

  • @travellingbootz
    @travellingbootz2 жыл бұрын

    I believe this knowledge is worth a lot. And should be taught in earlier ages ,and should be mandatory in schools and colleges . Finance is really important part of business/Job.

  • @ParasBaweja_
    @ParasBaweja_Ай бұрын

    Thanks Man, I have a very small family business and saw your business basics playlist and now this, planning to expand the business

  • @kinleydorjee3946
    @kinleydorjee39462 жыл бұрын

    Your lesson on tax is an appreciable one and it will not go without benefitting any tax payers.

  • @suhailcool276
    @suhailcool2762 жыл бұрын

    Bht acha channel h ye aap bht tarrakki karo .....hame to kuch b ni ata tha aab sab kuch aa gya aapse janke

  • @sushil2kashyap
    @sushil2kashyap2 жыл бұрын

    Sir, aapka samjhane ka tarika bahut hi achcha hai. Main aapka fan ban gaya hoon. Thank you for your time and effort. ❤️🙏🏻😊

  • @atul7173
    @atul71732 жыл бұрын

    This was a nice episode. I have started being a freelancer and since I came to know about tax before even my salary was beyond 5 lakh I was always intimated about how will I face it when the real time comes and I earn more. Thanks for the info.

  • @apoorvadwivedi6624
    @apoorvadwivedi6624 Жыл бұрын

    14:40 perhaps you spoke incorrectly in the example of 44AD

  • @prasannakedar5202
    @prasannakedar52022 жыл бұрын

    Aapke videos se bahot madat milti hai sir...aap bahot acchese aur asan tarikese samjhate ho... Thank you ♥

  • @pawanphulari8791
    @pawanphulari87913 ай бұрын

    The thing is you look happy while making videos, that makes viewers also happy, and offcourse even more happier with all your valuable knowledge shared in videos

  • @soniasalwan90
    @soniasalwan902 жыл бұрын

    Hat's off to you and LLA team for such detailed videos. 💕 Keep sharing the knowledge.

  • @rajendrajaiswal6637
    @rajendrajaiswal66372 жыл бұрын

    You seem to be very nice guy. Do keep on explaining every single information without making any cut short for I am your recent subscriber & hv gained alot however I compare things from other related videos too.Thanks alot.

  • @HareshBorhade
    @HareshBorhade11 ай бұрын

    Your contents are very useful & you are covering almost day-to-day scenarios. Also, the presentation and examples are very helpful. Thanks. All the very best for your journey.

  • @rajatmaheshwari1776
    @rajatmaheshwari17762 жыл бұрын

    Thanks for always coming out with interesting and informative content. Just a request, can you please explain more about Advance tax liability and it's implications on salaried employee and how to calculate it in advance.

  • @geetanav
    @geetanav5 ай бұрын

    Wonderful... compelled to go through it 3-4 times.

  • @vinaykumar-hc1bk
    @vinaykumar-hc1bk2 жыл бұрын

    It is channels like these that keep make the use of Internet worthy. Such Amazing info, support and help. Mauj kardi bhai yeh channel se

  • @varunpatelvlogs
    @varunpatelvlogs Жыл бұрын

    bhai tax planning ekdum easy bana rahe ho, great job

  • @yourpal.
    @yourpal.2 жыл бұрын

    Noone teaches us tax in this simple ways. Thank you Sir

  • @AK-uf4ln
    @AK-uf4ln2 жыл бұрын

    The way you are explaining..... praiseworthy 🙏🙏❤️❤️

  • @suprajitghosh9906
    @suprajitghosh99062 жыл бұрын

    This is something I have been wondering about for some time and here is the answers. At least now I know what to look for.

  • @aishvaryaraj8336
    @aishvaryaraj83363 ай бұрын

    I'm so glad to have discovered your channel ! The content of this video was super useful - thanks !! If it's not too much to ask , can you make a small video of how to achieve zero tax for professionals / professional income using the normal way and the presumptive taxation way (like u made for salaried professional) ? Also would love to see content for female tax payers - if there are any female schemes that are good for deductions as well as benefit the individual / female business ! Thanks again !!

  • @jagbirjohar5217
    @jagbirjohar521711 ай бұрын

    A good simplistic video which at least cleared a lot of doubts. Well done buddy

  • @akshat9674
    @akshat96742 жыл бұрын

    You are really amazing, i read 4-5 articles about presumptive income on google but after watching your video my all doubts got cleared.

  • @chandrusharma.b1557
    @chandrusharma.b15572 жыл бұрын

    Bhai this video is very useful to me you people are doing such a great 👍👍👍👍 work .my all doubts are clear only after watching ur videos. We want more this 🎥🎥 on this chapter

  • @amaljain1994aj
    @amaljain1994aj2 жыл бұрын

    Great video and awesome explanation. I just loved the way how so subtly u guys put the 'ghnta' sound while speaking about how merciful our government is, 🤣

  • @kshitijbarnwal4689
    @kshitijbarnwal46892 жыл бұрын

    I just loved the way you taught many crucial taxation concepts such easily. I am CA student, so it was very much easy to relate

  • @siddharthkathuria2771

    @siddharthkathuria2771

    2 жыл бұрын

    I too a CMA std. Nd mostly i can relate to the stuff 😅😅

  • @ashiqdey
    @ashiqdey2 жыл бұрын

    this video is full of wisdom, learnt lot of things. it will be now complete if we can have a video on filling income tax for freelancer/professionals as many of us dont know how and where and when to file income tax

  • @mohitmehta5242
    @mohitmehta52422 жыл бұрын

    Bas Bhai .. keep spreading this valuable knowledge... It helps immensely ✌️

  • @hemantchavan5493
    @hemantchavan5493 Жыл бұрын

    Your description style is very simple... I love your style.

  • @BusinessKnowledge-uc4wm
    @BusinessKnowledge-uc4wm10 ай бұрын

    liked the fact that you reflected on foreign income as well.

  • @Deepakkumarmintoo
    @Deepakkumarmintoo2 жыл бұрын

    It was a nice video, I was hoping you will explain about income from salary for IT Professional.. I saw your some video and those are very informative and i executed some of them....

  • @rishabhkumarsingh313
    @rishabhkumarsingh3132 жыл бұрын

    Background music is awesome 👌👌 Your content is amazing by the way and there's a lot of content in this video.....

  • @grijeshdhakad8595
    @grijeshdhakad85952 жыл бұрын

    For me....one of the best knowledgeable video..thank you so much sir...🙏

  • @deadnight700
    @deadnight7002 жыл бұрын

    Your video is a gem on greatly understanding taxation! Thanks for sharing this information.

  • @poojahindocha5617
    @poojahindocha56172 жыл бұрын

    Thank you Sir for the information. You always share genuine knowledge. Keep up your good work.

  • @sudhirray8734
    @sudhirray87342 жыл бұрын

    Bahut bahut dhanyawad sir is hard work ke liye

  • @naveenverma1334
    @naveenverma13342 жыл бұрын

    Maza aagya the way you present🎁 the video 🎥 is best 👍💯 .. And i really can feel 🙂 .... The thoughts🤔💭 of your mind which you have presented through this video🎥.... It's outstanding performance 🙏🙏👏👏👏

  • @rajenthakurvlog7461
    @rajenthakurvlog74612 жыл бұрын

    Motivational for everyone . Sir your every topic gives power.

  • @rutvikkothari1143
    @rutvikkothari11432 жыл бұрын

    Best video for tax planning. Fabulous job @LabourLawAdvisor 👏. Keep it up !

  • @1hindu-sthaani558
    @1hindu-sthaani5582 жыл бұрын

    Sir you are the best There is failure of our education system that there is not even one chapter to how to file ITR Rather than pushing other junk in our children's mind

  • @rs-tarxvfz
    @rs-tarxvfz2 жыл бұрын

    LLA Yaar aap ka videos dekh ke din ban jata hai

  • @snehalsavaliya7413
    @snehalsavaliya74132 жыл бұрын

    You work and efforts are really appreciated, really helpful video.

  • @sg-rs3bu
    @sg-rs3bu2 жыл бұрын

    Never seen two sponsors in one video. Sahi hai Rishab bro!!👍👍

  • @BlueChipMart
    @BlueChipMart2 жыл бұрын

    apka video bina dekhe hi like ho gya.. really helpful

  • @keshavverma3456
    @keshavverma345611 ай бұрын

    Thanks very simple and methodological explanation.

  • @NaJMStudio
    @NaJMStudio2 жыл бұрын

    Love you sir really bahut kaam ki jaankaari di aapne.

  • @dJeet303
    @dJeet3032 жыл бұрын

    Excellent video and very informative. Well done and thanks for bringing in the clarity Cheers

  • @shivag507
    @shivag5072 жыл бұрын

    Extremely Great Knowledge 🔥 Sir 👍🏻 Really Ur Way Is Best... Thanks For Your Support 🙏

  • @varunyadav4121
    @varunyadav41212 жыл бұрын

    Content that I can apply in my business 🙂.. thanks sir

  • @satyamboruah2852
    @satyamboruah28522 жыл бұрын

    I was thinking how will I do my taxes..this video will help me alot now

  • @rahulrajendran6141
    @rahulrajendran61412 жыл бұрын

    Thanks for this wonderful presentation ❤️

  • @adbhuttech8851
    @adbhuttech88512 жыл бұрын

    Sir We want more and detailed video on seperate topic please..we like your teaching technique .. 🙏👍👍

  • @dipeshmistry581
    @dipeshmistry581Ай бұрын

    Simple and very informative, Thanks

  • @sachindesale857
    @sachindesale8572 жыл бұрын

    Hope science student will gain lots of information .. Bhai ki business tax series videos dekh k sikh lenge ... Thank you sir .. 🙏

  • @ciwill2477
    @ciwill24772 жыл бұрын

    Zabardast video for Freelancers.

  • @annappareshmi9227
    @annappareshmi9227Ай бұрын

    Very nice teaching thank you very much sir for such information

  • @iamabhishekaggarwal
    @iamabhishekaggarwal2 жыл бұрын

    Is channel ne alag level ki charas bo rkhi hai 🙄 Thanks guys 😎

  • @LabourLawAdvisor

    @LabourLawAdvisor

    2 жыл бұрын

    That has to be best compliment to a education channel :)

  • @sagark.s2506
    @sagark.s25062 жыл бұрын

    15.06 calculation wrong 44AD . great video as always

  • @umarashrafy7970
    @umarashrafy7970 Жыл бұрын

    Thank you so much for the video. Really appreciate it sir.

  • @samimiqbal6829
    @samimiqbal6829 Жыл бұрын

    Hi LLW! Am an avid follower of your videos and like the way you explain facts in simple terms. Want to ask you a question.. Is there difference in taxation between selling property to an individual vs selling property to a company? And is there any legal implications of selling property to a company?

  • @yogeshdusane4165
    @yogeshdusane4165 Жыл бұрын

    Your videos are very knowledgeable and helpful thanks 🙏

  • @suryavamsipenumarti1215
    @suryavamsipenumarti12152 жыл бұрын

    Thank you for this amazing video I am a doctor and this will help me 👍

  • @sunilsonawane497
    @sunilsonawane4975 ай бұрын

    Knowledge video thank you sir 🙏🏻

  • @pawankumawat9347
    @pawankumawat93472 жыл бұрын

    starting visual presentation on the peak 🔥🔥

  • @ajaystarsaxena4330
    @ajaystarsaxena43302 жыл бұрын

    I want to meet you because you are the best explainer in India 🙏😊

  • @somistiya-8655
    @somistiya-86552 жыл бұрын

    Definitely helpful one … thanks for making the n such a understandable way 🌸

  • @pateltejas2312

    @pateltejas2312

    2 жыл бұрын

    GST- Detail information Regarding Normal Scheme, Composition Scheme kzread.info/dash/bejne/i6Cmw5uTmavXXcY.html

  • @sayandeepmalik6023
    @sayandeepmalik60232 жыл бұрын

    very knowledgeable video sir, thank you

  • @BharatSingh-tu6rp
    @BharatSingh-tu6rp2 жыл бұрын

    Poore India ko smart bana doge lagta hai aap bhaiya ji

  • @shanty2020
    @shanty20203 ай бұрын

    super clarity on presumptive tax.

  • @sauravboro2720
    @sauravboro27202 жыл бұрын

    Bohot acha laga sikhne main

  • @TechJust4U
    @TechJust4U2 жыл бұрын

    Thank you for the video! Much Appreciated.. :)

  • @leovenx
    @leovenx Жыл бұрын

    At 14:56 , your video editor messed that part a bit ~ similar mistake was in other videos as well, overall very informative. Thanks for info.

  • @jayneeshmehta
    @jayneeshmehta2 жыл бұрын

    This is such an amazing video, I have been learning about these things since more than a year now and it took so much time and mistakes to understand all this but you have summed it all up in 22 minutes. Looking forward to more lessons!

  • @rohitsoni9325
    @rohitsoni93252 жыл бұрын

    Badhiya video👏 Bas uss point ko thoda or explain kariye ki 44ada mei sirf 50% hi dikhau to dikkat kaise hogi.. pehle wala video bhi dekha par still utha clear nhi hua

  • @jitphadke
    @jitphadke2 жыл бұрын

    Sir, valuable information in simple language

  • @kshitijbarnwal4689
    @kshitijbarnwal46892 жыл бұрын

    Sir, 15:06 part of the video is mixed up as in the value of 6% is of online payment and 8% for cash. In the example you have changed 6 to 8 & the same for Cash- 8% to 6% For the calculations purpose. Kindly mention it as the non- tax background will be confused And thanks for the wonder knowledge, Kindly don’t take me wrong, i just felt mentioning you the mistake

  • @twinkle_anya1076

    @twinkle_anya1076

    2 жыл бұрын

    Yup, I'm also confused there.

  • @Ashish.YT2507

    @Ashish.YT2507

    2 жыл бұрын

    Yes exactly I am going to comment the same thing but thanks you've comented already I also got confused initially

  • @GauravGohil
    @GauravGohil2 жыл бұрын

    Sir ji , aaj ka video thoda different laga . Aise income tax ke upar aur bhi videos zarur banaiye ...

  • @sridharlagishetty2078
    @sridharlagishetty20782 жыл бұрын

    Thank you for valuable information shared with us

  • @rajathrs7737
    @rajathrs77372 жыл бұрын

    Awesome video bro Plz make a dedicated video for KZreadrs only A lot of confusion

  • @eshamnarula4942
    @eshamnarula49422 жыл бұрын

    Great learnings from your video🤗

  • @SparshJain2007
    @SparshJain20072 жыл бұрын

    Always informative and knowledgeable content.....

  • @vinodgaitonde1460
    @vinodgaitonde14602 жыл бұрын

    Thanks for your guidance, really helpful.

  • @monalgoswami8272
    @monalgoswami82722 жыл бұрын

    Thanks , Highly educational

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