ITR3
This query is : Resolved
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23 July 2025
"Whether assessee is declaring income only under section 44AE/44B/44BB/44AD/44ADA/44BBA"
Should I answer yes or no? I am showing professional income of INR 23000 before a 50% discount. I am showing income from FD+SAVINGS interest, STCG, and LTCG in equity. +DIVIDEND INCOME.Total income Rs 4.52 lakhs. I GET 87A REBATE IF I SAY YES AND NO REBATE IF I SAY NO.THIS IS FOR FY24-25
Should I answer yes or no? I am showing professional income of INR 23000 before a 50% discount. I am showing income from FD+SAVINGS interest, STCG, and LTCG in equity. +DIVIDEND INCOME.Total income Rs 4.52 lakhs. I GET 87A REBATE IF I SAY YES AND NO REBATE IF I SAY NO.THIS IS FOR FY24-25
Dhirajlal Rambhia
(Expert)
23 July 2025
The question is for the professional income declaration.. has nothing to relate with sec 87A rebate.
24 July 2025
But Sir what should be my answer with above mentioned parameters. apart from the 87A rebate
Dhirajlal Rambhia
(Expert)
24 July 2025
YES. If you are declaring professional income u/s. 44ADA with at least 50% profit margin. Otherwise NO.
24 July 2025
THANKS..................................................................
Dhirajlal Rambhia
(Expert)
24 July 2025
You are welcome.
Dhirajlal Rambhia
(Expert)
25 September 2025
Good luck...
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