New Delhi, July 30 -- Due to rapid technological advancements, unconventional service delivery and data sharing, there is a rise in freelancing and the gig economy. Today, more and more professionals are generating income outside the traditional employer-employee set-up.

In these evolving circumstances, one question that often arises during income tax filing (ITR) is whether freelance income and unconventional earnings from such forms of employment can be reported as business income?

According to tax experts, the answer to this question is not straightforward, as it fundamentally depends on the nature of the work arrangement and the taxpayer's relationship with the client.

According to Mihir Tanna, Associate Director (Direct Tax), S K ...