44ADA is not a tax saving scheme rather its just exemption from maintaining the books of account. So you still have to pay tax on (revenue - expenses), not 50% of your revenue. Just that you are exempted from maintaining the books of accounts.

@harkirat1

Жыл бұрын

Yep this is true, should've included this in the video, thanks for clarifying!

@msing007

Жыл бұрын

@@harkirat1 Hi Harkirat_Singh My suggestion :- I really like your content about remote job. The youtube is overflooded with the DSA, MANG, FANG stuff. So, it's my request please don't jump into those type of content . Please continue making videos regarding How to get a remote job starting from scratch like which technology should be focused and it's resource and how to find and approach these kind of companies. As you said in the video "There is no standard practice to get hired in remote companies". So, plz make an end to end roadmap starting from scratch "How to get hired in a remote company".

@true_human_007

Жыл бұрын

UNDER 44ADA, CAN I SHOW MY STOCKS INVESTMENT AS EXPENSES ??

@true_human_007

Жыл бұрын

Agree, But, individual can presume that profit is only 50%. This is what it meant by sec 44ADA. Till date, it is not mandatory that you are required to show your expenses.

@cadalbirsingh6903

Жыл бұрын

It really depends upon how you interpret it. Harkirat is not wrong as well. You are interpreting the section literally what he said in video is more practical.

Very crisp, you're humble. Thanks man!

I'm Aspiring SDE.. I watch your all videos & learn many new things from it. It also kind of motivates me to push my self.Also your confidence and communication skills are 🔥

Your videos are really informative. No fluff

Eagerly waiting for this, thanks a ton buddy

Thanks for sharing this. We developers who are starting up don’t really have these ideas and end up leading the hard way after losing a lot of money. Thanks a lot for this

Thanks a ton for this video!!

That is a great summary of the information that took me a few months and countless websites to scan. Great work! Would you mind sharing how you keep track of your expenses as I understand you are making the above limit for using the 44ADA in a ball park ? That part is still very confusing to me on how to keep a track of all the bills and expenses as a freelancer and also insurance - health and life that we need to manage ourselves when you are not a full time employee 😕

@rushabhjain4464

Жыл бұрын

Hello if you are a free Lancer can we please connect?

44ADA is just freedom from keeping accounts. If you earn 49.999 LPA and pay taxes on 25 LPA and your expenses really arent anywhere near 25 LPA then you're in trouble.

You are doing so well brother keep it up❤❤❤

We really want these kind of videos more and more . I ersonnaly have zero knowledge on these topics. I do not even know about most of the terms you mentioned. Also one honest suggestion please explain the concepts in more detailed manner with some relative examples to understand and your pace of conveying is so fast please slow down a bit. Most useful videos brother!

Setting up a company in foreign country may be benificial in the long run of say 15 - 20 yrs, considering both of the couples are working remotely. Savings of tax will me humongous. What your take on this?

Love your content, thank you so much! Can you please make a video on remote jobs wrt work life balance, stability, time zone?

thanks for the information!!

I find your videos very interesting,even though i am doing MBBS

Really great advice for finance management

very informative video, harki! Thanks for sharing.

Please share your experience working in a remote job. Was it hard because of different timezone?

Hi Harkirat. I wanted to ask the full time employees under remote who are working for foreign companies, are getting payed the Base salary or is it the CTC, which will have more taxes to pay.

Can you make video on how to find the remote companies like you did? and how to apply , different website to apply , complete roadmap kind of video.

Sooooooo much informativeee..

Amazing content !

would love to see more videos for yours

Great help..👏🏻

Really helpful for non software developers as well!

Please make a video on where to find remote jobs in all the domains and how to get a remote job

Thanks for the detailed and authentic video. Are you not allowed to maintain foreign currency deposits in an Indian Bank beyond a limit?

Thank you so much❤😊

yes make a video for work life balance and work timmings

please make a video on how to get frontend web developer jobs & what projects to make to get a job in this field. Would really appreciate it! ❤

Could you please make a video on how to find the remote companies like you did?

For the last point, I agree there's a centralization issue with stablecoins. But recently, ISC launched as a new one which backs the asset to bunch of Real World Assets and isn't backed by a single reserve like Tron/Tether. I think if more companies start paying out in ISC it could definitely be one of the best options of being payed as a remote worker. What are your thoughts on this?

HI Harkirat singh, very iformative content, please make more of such videos around freelancing career, its finances and especially if there are any job sites to apply for remote jobs from india.

Video on timezone problems faced by a freelancer pls!!!

The limit for presumptive taxation(44ADA) has been revised from 50lakhs to 75lakhs during last years budget. Also if your salary exceeds more than 20lakhs per year, then you need to have GST registration and raise GST invoice with 18% extra to the monthly bill(my CA just asked me to register for GST). After paying tax and 18% GST, I think the net amount you have to pay as tax is more than what you will pay as a regular full time employee.

@NoBakwas

Жыл бұрын

Isn't GST 0 for cases where u r exporting service internationally ?

@kartik180rajesh1

11 ай бұрын

How does it become more? 50% less 18% more right It's still better than paying 30% tax as per the salaried employee slab

@ngsuraj

10 ай бұрын

If you work for companies outside india gst is 0% but you have to get a gst number. I have been woking remotely for 3 years now. I recently got my gst number.

Was just getting started with my freelance journey got my first client and this video was just in time. Thanks a lot harkirat. Also pls make a video on how to get more clients in the technical sector of freelancing.

@balaramtupili

Жыл бұрын

How did you get your first client?

@AnkurSingh-gp6lq

Жыл бұрын

@@balaramtupili I DMed a lot of people who posted a task and sent my projects finally one agreed to give me work

@balaramtupili

Жыл бұрын

Are you using twitter?

@AnkurSingh-gp6lq

Жыл бұрын

@@balaramtupili yess and LinkedIn

@sahil11o9

Жыл бұрын

what services are you offering??

Hi Harkirat, Pls make a video on work life balance and problems we can face, of remote jobs because of the timezone difference

Make a video about your experience during the initial days on Upwork, how you got started etc

Please make a Roadmap for College Students what should they do in their 1st year 2nd and so on....

Hi bhai , can you make a video on ways to apply for Remote jobs . And all possible sites and approaches

Does atlassian provide remote work and how much CTC is offered.......

Commendable Work

Can you please make a video how to find remote development jobs and which companies are hiring without asking to move to their country for remote job?

what is the cons of working freelancing for the Europian, American companies ? time of work, work culture/ discrimination, payment issue etc etc

how to start in freelancing ? how to get us based clients at earliest ? thanks harkirat bhaiya for insightfull videos 🙌

How to work remotely?Where to apply for?How to get high paying jobs remotely?

Hello Bhaiya, can we create an account in the US bank and keep our money in the US until we need to withdraw it? and if so, will we liable to US tax policies and how much would that be?

The most important one is how to get a remote job with real job applications.

Now it's best background

WHAT IF CLIENT HAVE A CONTACT WITH MY COMPANY AND I CAN OPT FOR Section 44AD WHERE PROFIT IS PRESUMED TO BE 8% ONLY ?

It's literally video for people suffering from success (me have no job)

thank you bhai i really feel grateful to watch your videos and i have learnt alot from your videos,being from tier 3 collage i never thinked of remote jobs and because of your videos i have applied to remote jobs.i have question , how to get client as a freelancer ?

hey my goal is remote job . so learnt fullstack .I am in third year of clg. what to do next ? Dsa or ?? no idea ?

Is open source like github LinkedIn & twitter contribution really needs a lot to get 1st remote work job?

Hi Harikat..I have joined a company as a contractor which pays me in INR, it's been an year now. This company in India is a subsidiary of the company in US. Can I ask them to pay me in dollars instead of INR?

Damn those transitions! What software is this?

Do we need to provide Foreign Inward Remittance Certificate (FIRC) for tax file?

Can I buy a car and mention it as an expense if my income is more than 50 lakhs mentioning that I use this car to travel to WeWork for working?

Remote work tax filing details like 44Ad,80 c like that clear video required please try to do

Great video !! very informative and let such videos keep coming. Additionally, another implication is to file GST if the net income > 20L ? Can you pl clarify ?

@kartikeyporwal3539

Жыл бұрын

As a contractor, you are exporting services. Export of services doesn't have to pay any GST, you only have to take a LUT along with the GST number, file the GST regularly without paying any GST.

@Rizz_khan

5 ай бұрын

@@kartikeyporwal3539Hi mate, I am earning around 30 lpa as a contractor but do not have a GST ID. There is bunch of confusing information in the internet. Can you please suggest how can I save maximum taxes and how I should file ITR? Thanks

@kartikeyporwal3539

5 ай бұрын

@@Rizz_khan first thing is your transaction is more than 20L, so get a GST and file LUT, otherwise, you may get a notice.

@Rizz_khan

5 ай бұрын

@@kartikeyporwal3539 Thank u so much. Can you pls give me your number? I have some doubts that I really need the answers to. Thank you brother

WHAT IF I OPEN A COMPANY IN INDIA AND CLIENT WILL ISSUE AN CONTRACT TO MY COMPANY. AGGREE, COMPANY NEED TO PAY 30% TAX ON REVENUE. BUT, IF COMPANY INVEST REVENUE BY PURCHASING STOCKS OR PROPERTIES. COMPANY CAN SHOW INVESTMENT AS EXPENSES AND CAN SAVE ON TAXES. PLS SUGGEST ??

I am thinking of freelancing during my free time. So, will I have to pay30% taxes on my additional income as I already have a full time indian job?

What's your take on whether one should get a remote job in current market and covid situation or get a job in India that pays around 18lpa. Please reply or make a video on the same😇😇😇😇

I am curios to know are you working in US time zone ? What is your work timings ?

I am in first year Btech currently in a shitty college. So tell me what all things I should learn and do to get a remote job at the end of Btech.

Awesome

bhai background noise annoying😗😗😗😡😡😡

You learn A-frame... Right how to learn A learn A frame if someone want to go this gaming and 3D modeling domain can you explain about it... Or another trending or we can say need of US market those technology

Can a freelancer create a proprietorship company, be the only employee of that company, and then ask the US client to pay that company?

Make a video on remote work life balance and time zone

Pls make a video how to get those jobs ?what skills we need to have mainly ?do they focus more on dsa ? And what interview rounds are there in remote jobs at majority ???????? Pls make a video on this

Harkirat thanks for this video 1. Can you elaborate on what kind of company can be created to avail for 44ADA .? 2. Say my net income >50 LPA , can I draw a small amount as a salary from the company I created and keep the remaining amount with company to save taxes? 3. Can I set up a company in US (instead of Dubai / Singapore) and only draw a smaller amount in India.What kind of tax laws will be applicable in that case ?

@iSuhag

Жыл бұрын

As A chartered accountant let me give you free tax tips 1 Only Individual , HUF ( Hindu Undivied Family) and Partnership firm ( Not LLP because LLP most rules are similar to company) can avail benefits of 44ADA , Companies can't use 44ADA, Also If you choose 44ADA no other expenses can be claim by you like traveling ,electricity also you don’t need to maintain books of accoutants 2 If your income is greater than 50 lacs and you create company , then your salary is expense for the company and income for you , Lets say your company has income of 70 lacs and you draw salary of rs 25 lacs then your company will pay taxes on 45 lacs AFTER depreciation , other business expense (NET profit) and you pay taxes on 25 lacs without any expenses because in salary no expenses allowed 3 Even if you setup company in US/DUbai but live in India ( ordinary resident under section 6) then your whole world income taxable in India. SO don't try to save taxes that way until you hire good CA because that route is very Tricky and you may create big trouble . Hope this will sort out all your queries

@sandipanhaldar8609

Жыл бұрын

Thanks a lot

@true_human_007

Жыл бұрын

@@iSuhag WHAT IF I HAVE MY OWN COMPANY AND SHOWING WHOLE 70L COMPANY INCOME UNDER SEC 44AD ? WHERE ONLY 8% IS TAXABLE ?

@piyushjindal108

Жыл бұрын

​@@iSuhag Hi

@cadalbirsingh6903

Жыл бұрын

@@true_human_007 Firstly you don’t need a company for opting presumptive income scheme us 44ad or 44ada. Secondly, 44ada is for professionals like engineers, architecture, accountants etc. and 44ad is for other businesses. So if you fall under list of professions covered under 44AA you will have to opt 44ada not 44ad.

Please make a video on companies which gives high placement in it sector for nin cs branch

44ADA doesn't guarantee that the income tax department won't send you a notice let's say you declare 25 lakhs net profit each year but also do 40lakhs stock investments each year department have the right to ask you to justify your investments.

What are the advantages of remote jobs?

How does the government know if I take money in my brother's account

Bro where to find as call backs are not happening

What technology do you use in freelancing

Is GST applicable under 44ADA above 20L?

Plz male a video on how to get this kind of remote jobs...

Make a video on gsoc

nice editing

Can you make a video on how to prepare for gsoc??? And how to crack gsoc??

Please make a video on remote jobs

Independent contractor vedio if you can make with that how many company they can work .

what about GST on income for freelancer?

Brother takes 25000 aed to set up company, else many loopholes are there..

How do I reach the 50L mark though.

make a video of work life balance while working remotely

HOW TO GET A REMOTE JOB AS A FRESHER

What is work time per day in a remote job

please make roadmap how to get remote jobs

Hi Harikirat nice video! Need a bit of advice. Please help. I'm from non CS background 2022 graduate and have a job in product based company(not software) as a sde but all I'm doing is bug fixing. The tech stack is only java. I want to know what I should do in the next 3 months aside from dsa so that I can justify my switch. Learning Mern stack. Sorry if these are noob questions I'm still trying to figure everything out.

@maheshwarranjit7523

Жыл бұрын

Yes

@nikhil_nishad

Жыл бұрын

did you got the job from campus placement?

@ashu3403

Жыл бұрын

@@nikhil_nishad yes

What route have YOU taken?

Yeah make work life balance of your remote job

Do u have to work on US time zone

Hi Harkirat, can I get remote job on React JS

Can you please make one telegram group to get touch with you?

I don't know how many people will really relate to this or many ppl will get relatable information

@utsavmangla8552

Жыл бұрын

What part do you think is unrelatable to people?

@rules654

Жыл бұрын

@@utsavmangla8552 earning 50L in a fuckin year !!!

What about Kirat Technologies? Is it set up in Dubai? 😜