General information only; not financial or tax advice. Laws and lender policies change—verify specifics before acting.
Consult a CA for applicability to your business model.
Self‑employed individuals can optimise tax by maintaining proper books, claiming eligible business expenses, and choosing presumptive schemes where applicable.
Manage cash flows with timely advance tax and maintain invoices/bills to support claims.
- Separate personal and business finances; use dedicated accounts/cards.
- Account for GST obligations where applicable.
- Review your tax position quarterly; avoid year‑end surprises.