a short note on self employment

You can write about it using following points :

1.Definition : Explain what is "self employment".It is simply working for yourself.Self employees people don't seek jobs or get employed under any employer.

2.Self employment India : Data on what is the proportion of self employed in Inida.Is it significantly high or low. India's almost half the population is self employed.This calls for various measures that should be taken to promote and develop self employment.

3.Work-in-progress : You can include points on various self employment schemes undertaken by the govt.of India. There are various NGO's and firms working for self employment.For e.g.IMSE Kolkata.

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Self employmentis the act of generating one's income directly from a consumer as opposed to being an employee of a business (or person).

Generally tax authorities will view a person as self-employed if the person (1) chooses to be recognized as such, or (2) is generating income such that the person is required to file a tax return under legislation that subsists in the relevant jurisdiction(s). In the real world the critical issue for the taxing authorities is not that the person is trading but is whether the person is profitable and hence potentially taxable. In other words the activity of trading is likely to be ignored if no profit is present. So, occasional and hobby- or enthusiast-based economic activity is generally ignored by authorities.

Self-employed people generally find their own work rather than being provided with work by anemployer,earning income from atradeor businessthat they operate.

In some countries governments (theUSandUK,for example) are placing more emphasis on clarifying whether an individual is self-employed or engaged in disguised employment, often described as the pretense of a contractual intra-business relationship to hide what is otherwise a simple employer-employee relationship.

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