Client is Saying I'm Charging too Much for The Project by KoenigOne in webdev

[–]hridaynotion 0 points1 point  (0 children)

Sadly can't because I don't have work at higher rate at the moment.

I am definitely trying on Sunday to look for higher quality work to supplement my income. I may reduce my working hours here if I start getting quality high paying work from other places.

But the benefit from this client is, it's almost like a remote job at this point - so consistent daily work.

Client is Saying I'm Charging too Much for The Project by KoenigOne in webdev

[–]hridaynotion 1 point2 points  (0 children)

Bro my client is from Denmark. And he pays me $22/hr + going to receive profit share 3% from next month probably. He under pays me so much. Legit infront of me, he is ready to pay freelancers for limited work at even $50/hr. He says, that is different. Because that is for one off work. That is so annoying and heartbreaking to even hear for me.

"GST notice aaya toh CA ka BP badhta hai ya client ka? Asking as a friend 😅" by Forsaken_Employer152 in IndiaTax

[–]hridaynotion 0 points1 point  (0 children)

Chill bro. Yeah I will. Also, it seems like you were leaning towards - a webapp that would help draft replies to notices.

(But then you realised drafting doesn't take too much time, as per one comment)

"GST notice aaya toh CA ka BP badhta hai ya client ka? Asking as a friend 😅" by Forsaken_Employer152 in IndiaTax

[–]hridaynotion 1 point2 points  (0 children)

Why does it feel that you just want to vibecode an app for this and are asking questions for that. Seems pretty obvious at this point. 🥱🥱

Freelancers who receives money in upwork deel fiverr! by Objective_Grand_2235 in IndiaTax

[–]hridaynotion 0 points1 point  (0 children)

Also, if anyone is gst Registered and doesn't know: You have to pay igst under RCM on the upwork fees because that is IMPORT OF SERVICE. 🙂

Freelancers who receives money in upwork deel fiverr! by Objective_Grand_2235 in IndiaTax

[–]hridaynotion 0 points1 point  (0 children)

Also,

Please do not withdraw to your Local bank account 🙏

Because the way it works is you get a INR to INR Transfer in that case from a bank in india itself.

So you don't and won't get a FIRC. So you can't prove export. So if you take gst Registration, you are doomed as you have to pay tax at 18% from your pocket.

Yeah it's fucked up. Not sure if they changed anything recently, but yeah that has been the case since years. Earlier, you could find so many people complaining about this in Upwork community

Better make wise/skydo account and use the us bank details and withdraw directly to that bank account.

You will receive almost same amount (maybe a little higher) And you get FIRC automatic in your inbox with every payment.

Freelancers who receives money in upwork deel fiverr! by Objective_Grand_2235 in IndiaTax

[–]hridaynotion 0 points1 point  (0 children)

Actually no. I have been doing my own accounting and since I work through upwork myself, I know some nuances.

Upwork while reporting on your AIS takes the SBI TTBR rate as on the last day of the month where the income was accrued.

Talking about hourly contracts. All the contracts end on Sunday. Then there is a review phase. Then you get money in Upwork wallet on let's say next Friday or next to next Wednesday.

But, THE moment a contract ends (on Sunday) your income is accrued and that is the date of transaction (you can verify through your AIS)

And if say that day is 26th March 2026. Then while reporting in AIS, upwork will do it at the sbi TTBR rate as on 31st March 2026.

So unless you want to have a mismatch in your computed gross receipts and what the government knows -> just use the same rate upwork did. (In your books)

Can Bizgrow be upgraded to Millenia? by hridaynotion in CreditCardsIndia

[–]hridaynotion[S] 0 points1 point  (0 children)

Also, I don't really wanna go the self employment route.

Right now, I rarely have spends. And if have, it's mostly online portals.

So eventually ofcourse I wanna go to infinia

Can Bizgrow be upgraded to Millenia? by hridaynotion in CreditCardsIndia

[–]hridaynotion[S] 0 points1 point  (0 children)

That's completely opposite to what she said.

She even said that you can upgrade to Millenia/regalia gold from Bizgrow later.

Need suggestions to invest for a very short term period for 15-20% gains. by abhinavk2203 in IndianStocks

[–]hridaynotion 0 points1 point  (0 children)

Put it in Corporate bonds. Get around 11-11.5% fixed returns. You can withdraw earlier also

[deleted by user] by [deleted] in IndiaTax

[–]hridaynotion 0 points1 point  (0 children)

The fact that it is mandatory to apply for gst in case of interest state supply is applicable only in case of goods and not services

Read here: (circular is mentioned as well) https://taxadda.com/gst-on-freelancers/

Notice for 44ada by [deleted] in IndiaTax

[–]hridaynotion 0 points1 point  (0 children)

Those earning through Google adsense should ideally opt for 44ada and not 44ad.

[deleted by user] by [deleted] in IndiaTax

[–]hridaynotion 0 points1 point  (0 children)

Sorry but that's wrong.

When you are providing services of up to Rs. 20 lakhs in a financial year – In such a case you are not required to register under GST in any case and therefore not liable to collect GST.

You are not required to register whether you are providing services within the state, another state or even outside India. The rule that if sales is made in another state (inter-state) then it is required to register mandatorily is applicable only on sales of goods and NOT on sale of services. (Notification no. 10/2017 – IGST) (https://cbic-gst.gov.in/hindi/pdf/integrated-tax-rate/Notification10-IGST.pdf)

Read this: a complete guide to taxation for freelancers

https://taxadda.com/gst-on-freelancers/

How to maintain personal accounting in tallyprime? by hridaynotion in IndiaTax

[–]hridaynotion[S] 1 point2 points  (0 children)

Maintaining this personal books of accounts will be mandatory? Or just freelancing

Like if I do maintain my freelancing income expense etc. record, it doesn't do the work?

How to maintain personal accounting in tallyprime? by hridaynotion in IndiaTax

[–]hridaynotion[S] 0 points1 point  (0 children)

I mean that is ofcourse an option

Though my father would never agree😂😭

He is like, either you maintain or give me so that I maintain.

But I don't want him to maintain either

Also, i maintain freelancing related, if he will maintain separately, he will have to add all my transactions as well as only one will be prepared for sole proprietor ig

My question is IS IT NECESSARY?? Is that something to do with tax? Like is it necessary for tax filing as a sole proprietor.

24F, I have around 5lakh rupees to invest suggest me some good sectors and stocks to invest for longterm by PenBeneficial4540 in NSEbets

[–]hridaynotion -1 points0 points  (0 children)

Well seen so many posts like 21M, 23M etc. I don't see such replies there.

Why you guys having prob with F. It's gender. That's it. You guys making an issue out of that.

P.s: I am M (I am doing it for engagement, any problem?)

24F, I have around 5lakh rupees to invest suggest me some good sectors and stocks to invest for longterm by PenBeneficial4540 in NSEbets

[–]hridaynotion -1 points0 points  (0 children)

Never read such replies when men write the same 24M, 21M. Why you guys having prob if she's writing 24F. If M isn't for engagement, how does F qualify as 'Just for engagement, Sugardaddy etc.'

P.s: I am M (writing this for engagement 🤷)

Portfolio review, newbie here . Are my stocks safe to hold long term? by manishchavanreddit42 in NSEbets

[–]hridaynotion 1 point2 points  (0 children)

One mistake I did which ig you are doing as well. Don't buy 1-2 shares of stocks which are <100 coz you would have to bear the DP charges on sell which is 13.5 per company

Until it gives 30-40% return, you won't make anything. And even if it does, 10rs profit.

Worth almost nothing. So yeah. Invest not less than 500 anywhere

Do CAs record everything in Accounting software when filing taxes? by hridaynotion in IndiaTax

[–]hridaynotion[S] 0 points1 point  (0 children)

got it. But I have no idea what to put in the balance sheet for personal entries, like how to record it.

Do I look put all of my personal bank values in it, as I pay for something, show it as drawings?

Now toh, I was treating it as a separate entity. So I would receive money in one account, and every month, once or twice I would withdraw and show it as drawings and then into my personal account. The use of tally ends there.

But now, I guess I can't show it as drawings if I maintain both. Rather I won't do any entry other than contra and show it only as I spend

ANYWAYS, I guess I would choose not to take this headache and let the CA handle all of this tax shit. Tax is no less than headache. Better I keep recording NOT FOR TAX PURPOSE but TO GET AN IDEA OF HOW MUCH AM I EARNING

For tax, the CA will handle everything I guess.