I’ve freelancing income from usa clients and get in my bank account and resident of India.
I don’t have gst as foreign income is exempt under lut.
And on side I invest in stocks using zerodha, no intraday, just simple but, hold, sell if needed.
So is freelancing a profession income or business and what’s the differentiator as both can have services under them. I read your article on this.
Secondly, I can import my trades from zerodha?
What’s the suitable plan for me to file freelance foreign income, and stcg (no trading) and what proofs would I need.
Third, as we 2.5 L exemption limit but with help of rebate and all, it’s practically no tax till 5L
I’ve income of 3 Lac, and stcg of 20,000
So stcg tax will be 3000 (15%)
Will I need to pay 3000 or willl it also be deducted as I claim rebate?
Total is 303000 then can rebate cover the stcg as well or is that mandatory to pay?
Thanks for reading and appreciate your help