New Delhi, May 23 -- With the rise of freelancing work in India, many independent professionals may be seeking simpler ways to file income tax returns and reduce compliance burdens. One such option available under the Income Tax Act is the presumptive taxation scheme under Section 44ADA, which allows eligible professionals to declare a fixed percentage of their gross receipts as taxable income without maintaining detailed books of accounts.

A freelancer is a self-employed individual who offers services to clients on a project or contract basis. Some examples include content writers, graphic designers, video editors, among others.

Although freelancing is associated with remote-centric and flexible work arrangements, the income generated ...