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

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  • Опубликовано: 5 авг 2024
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    Hax to Save Tax:
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    Tax planning and ITR (Quicko)
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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-...
    .....................................................
    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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Комментарии • 715

  • @LabourLawAdvisor
    @LabourLawAdvisor  2 года назад +34

    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 года назад

      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 года назад

      Plz give me ur mail id

    • @jain28vaibhav
      @jain28vaibhav 2 года назад +1

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

    • @faizanmehraj246
      @faizanmehraj246 2 года назад +1

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

    • @thesocialcitizen3642
      @thesocialcitizen3642 2 года назад +2

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

  • @nehanagar
    @nehanagar 2 года назад +310

    Liking new way of teaching 🙌

    • @LabourLawAdvisor
      @LabourLawAdvisor  2 года назад +10

      Thank you so much ❤️

    • @faizulaman2253
      @faizulaman2253 2 года назад

      Mam mujhe apka content bahuy psnd hai

    • @pankajsiwach656
      @pankajsiwach656 2 года назад

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

    • @pateltejas2312
      @pateltejas2312 2 года назад

      GST- Detail information
      ruclips.net/video/Ylra9ZiHq-c/видео.html

    • @harshjhunjhunuwala
      @harshjhunjhunuwala 2 года назад +1

      @@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
    @prakhargupta2834 2 года назад +105

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

    • @pateltejas2312
      @pateltejas2312 2 года назад

      ruclips.net/video/Ylra9ZiHq-c/видео.html

    • @sanketpradhan
      @sanketpradhan 2 года назад

      absolutely ...

    • @smithabaiju2841
      @smithabaiju2841 Год назад

      Absolutely correct!!

    • @secureassure5436
      @secureassure5436 6 месяцев назад

      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 месяца назад

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

  • @namaskarprasad
    @namaskarprasad 2 года назад +72

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

    • @LabourLawAdvisor
      @LabourLawAdvisor  2 года назад +5

      haha, thanks bhai ❤❤

    • @ankuragarwal8237
      @ankuragarwal8237 Год назад

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

  • @sharanyarajup
    @sharanyarajup Год назад +8

    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
    @gouravbagora2600 2 года назад +10

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

  • @avinasha3603
    @avinasha3603 2 года назад +4

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

  • @rohitpathak1818
    @rohitpathak1818 2 года назад +6

    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!

  • @arpitpurbey
    @arpitpurbey 2 года назад +2

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

  • @alifepenneddown
    @alifepenneddown 2 года назад +4

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

  • @ashishdubey3172
    @ashishdubey3172 2 года назад +1

    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...

  • @shubhamsarkar6563
    @shubhamsarkar6563 2 года назад +4

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

  • @neelmota
    @neelmota 2 года назад +3

    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 Год назад +4

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

  • @pkn8707
    @pkn8707 2 года назад +3

    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

  • @apoorvadwivedi6624
    @apoorvadwivedi6624 Год назад +7

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

  • @dhoke.chaitanya
    @dhoke.chaitanya 2 года назад +4

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

  • @thar4x4
    @thar4x4 2 года назад +3

    The Best Educational Indian Channel on RUclips. 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 👍

  • @ParasBaweja_
    @ParasBaweja_ Месяц назад

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

  • @suhailcool276
    @suhailcool276 2 года назад

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

  • @travellingbootz
    @travellingbootz 2 года назад +1

    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.

  • @sushil2kashyap
    @sushil2kashyap 2 года назад

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

  • @sushamasingh5045
    @sushamasingh5045 2 года назад +3

    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🤗

  • @atul7173
    @atul7173 2 года назад +2

    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.

  • @kinleydorjee3946
    @kinleydorjee3946 2 года назад +1

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

  • @geetanav
    @geetanav 5 месяцев назад +1

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

  • @pawanphulari8791
    @pawanphulari8791 3 месяца назад

    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

  • @prasannakedar5202
    @prasannakedar5202 2 года назад

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

  • @soniasalwan90
    @soniasalwan90 2 года назад

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

  • @HareshBorhade
    @HareshBorhade Год назад

    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.

  • @jagbirjohar5217
    @jagbirjohar5217 11 месяцев назад

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

  • @rajendrajaiswal6637
    @rajendrajaiswal6637 2 года назад

    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.

  • @AK-uf4ln
    @AK-uf4ln 2 года назад

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

  • @varunpatelvlogs
    @varunpatelvlogs Год назад

    bhai tax planning ekdum easy bana rahe ho, great job

  • @akshat9674
    @akshat9674 2 года назад

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

  • @vinaykumar-hc1bk
    @vinaykumar-hc1bk 2 года назад

    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

  • @mohitmehta5242
    @mohitmehta5242 2 года назад +1

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

  • @ashiqdey
    @ashiqdey 2 года назад

    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

  • @BlueChipMart
    @BlueChipMart 2 года назад

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

  • @yourpal.
    @yourpal. 2 года назад

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

  • @rutvikkothari1143
    @rutvikkothari1143 2 года назад

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

  • @grijeshdhakad8595
    @grijeshdhakad8595 2 года назад

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

  • @suprajitghosh9906
    @suprajitghosh9906 2 года назад

    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.

  • @chandrusharma.b1557
    @chandrusharma.b1557 2 года назад

    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

  • @deadnight700
    @deadnight700 2 года назад

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

  • @hemantchavan5493
    @hemantchavan5493 Год назад

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

  • @amaljain1994aj
    @amaljain1994aj 2 года назад +1

    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, 🤣

  • @NaJMStudio
    @NaJMStudio 2 года назад

    Love you sir really bahut kaam ki jaankaari di aapne.

  • @rajatmaheshwari1776
    @rajatmaheshwari1776 2 года назад +4

    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.

  • @aishvaryaraj8336
    @aishvaryaraj8336 3 месяца назад

    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 !!

  • @keshavverma3456
    @keshavverma3456 11 месяцев назад

    Thanks very simple and methodological explanation.

  • @dJeet303
    @dJeet303 2 года назад

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

  • @dipeshmistry581
    @dipeshmistry581 Месяц назад

    Simple and very informative, Thanks

  • @kshitijbarnwal4689
    @kshitijbarnwal4689 2 года назад +16

    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 года назад +2

      Yup, I'm also confused there.

    • @Ashish.YT2507
      @Ashish.YT2507 2 года назад +2

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

  • @sudhirray8734
    @sudhirray8734 2 года назад

    Bahut bahut dhanyawad sir is hard work ke liye

  • @poojahindocha5617
    @poojahindocha5617 2 года назад

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

  • @snehalsavaliya7413
    @snehalsavaliya7413 2 года назад

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

  • @rishabhkumarsingh313
    @rishabhkumarsingh313 2 года назад

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

  • @shivag507
    @shivag507 2 года назад

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

  • @naveenverma1334
    @naveenverma1334 2 года назад

    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 🙏🙏👏👏👏

  • @annappareshmi9227
    @annappareshmi9227 Месяц назад

    Very nice teaching thank you very much sir for such information

  • @sg-rs3bu
    @sg-rs3bu 2 года назад

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

  • @rajenthakurvlog7461
    @rajenthakurvlog7461 2 года назад

    Motivational for everyone . Sir your every topic gives power.

  • @kshitijbarnwal4689
    @kshitijbarnwal4689 2 года назад +15

    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

  • @1hindu-sthaani558
    @1hindu-sthaani558 2 года назад

    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

  • @umarashrafy7970
    @umarashrafy7970 Год назад

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

  • @suryavamsipenumarti1215
    @suryavamsipenumarti1215 2 года назад

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

  • @rahulrajendran6141
    @rahulrajendran6141 2 года назад +1

    Thanks for this wonderful presentation ❤️

  • @BusinessKnowledge-uc4wm
    @BusinessKnowledge-uc4wm 10 месяцев назад

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

  • @varunyadav4121
    @varunyadav4121 2 года назад

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

  • @Deepakkumarmintoo
    @Deepakkumarmintoo 2 года назад +1

    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....

  • @yogeshdusane4165
    @yogeshdusane4165 Год назад

    Your videos are very knowledgeable and helpful thanks 🙏

  • @vishalkotecha9533
    @vishalkotecha9533 Год назад

    Very informative video- please keep it up!!

  • @AvinashKumar-cf3fl
    @AvinashKumar-cf3fl 11 дней назад

    Easy way of making a common man understand taxation.

  • @satyamboruah2852
    @satyamboruah2852 2 года назад

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

  • @TechJust4U
    @TechJust4U 2 года назад +1

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

  • @rs-tarxvfz
    @rs-tarxvfz 2 года назад +1

    LLA Yaar aap ka videos dekh ke din ban jata hai

  • @sauravboro2720
    @sauravboro2720 2 года назад

    Bohot acha laga sikhne main

  • @TechnoboyAman
    @TechnoboyAman 2 года назад

    By God mast video thi bro.... Love it.

  • @alfa_designs
    @alfa_designs 2 года назад

    Zabardast video for Freelancers.

  • @sunilsonawane497
    @sunilsonawane497 5 месяцев назад

    Knowledge video thank you sir 🙏🏻

  • @adbhuttech8851
    @adbhuttech8851 2 года назад

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

  • @shanty2020
    @shanty2020 3 месяца назад

    super clarity on presumptive tax.

  • @shresthsg
    @shresthsg Год назад

    Very informative. Great going guys👏

  • @krazykrank7938
    @krazykrank7938 2 года назад

    Very informative video sir ji like always LIKED

  • @mayo-mayo
    @mayo-mayo 10 месяцев назад

    love this channel ❤❤❤❤

  • @ajaystarsaxena4330
    @ajaystarsaxena4330 2 года назад

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

  • @pritamdas97
    @pritamdas97 2 года назад

    Explanation was really amazing

  • @MultiYash4
    @MultiYash4 2 месяца назад

    धन्यवाद ऋषभ सर, मैं एक नया फ्रीलांसर हूं और मुझे अब tax planning का ज्ञान समझने की आवश्यकता है। मुझे यह वीडियो अच्छा लगा।
    मुझे LLA से यह जानना था की क्या आपका कोई टैक्स planning consultantion डिवीज़न है जहां मैं उन services चुन कर आपकी सहायता ले सकूं?

  • @iamabhishekaggarwal
    @iamabhishekaggarwal 2 года назад

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

    • @LabourLawAdvisor
      @LabourLawAdvisor  2 года назад

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

  • @sachindesale857
    @sachindesale857 2 года назад

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

  • @sayandeepmalik6023
    @sayandeepmalik6023 2 года назад

    very knowledgeable video sir, thank you

  • @SparshJain2007
    @SparshJain2007 2 года назад

    Always informative and knowledgeable content.....

  • @pawankumawat9347
    @pawankumawat9347 2 года назад

    starting visual presentation on the peak 🔥🔥

  • @samimiqbal6829
    @samimiqbal6829 Год назад +2

    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?

  • @jitphadke
    @jitphadke 2 года назад

    Sir, valuable information in simple language

  • @nikhilphad5237
    @nikhilphad5237 2 года назад

    Asch kam chaludhya 🙌🏻🇮🇳

  • @singhjii2982
    @singhjii2982 2 года назад

    Mast knowledge hai

  • @mohitgangele5528
    @mohitgangele5528 5 месяцев назад

    Thank you bhaiya 🎉

  • @vinodgaitonde1460
    @vinodgaitonde1460 2 года назад

    Thanks for your guidance, really helpful.