24 July 2023
Sir I am salaried employee which is major income. Apart from it, there are below 2 incomes:-
a) Income from Freelancing ( Online Q&A from Chegg, Bartleby, Transtutor & like these online portals) b) Income from Examinership & Observership from ICAI,ICSI, ICMAI
I was of the view that
Freelancing Income (a) involves Technical knowledge. Whether 44AD- Code 16019-Other professional services n.e.c. or Whether 44ADA- Code 16005-Engineering & Technical consultancy
Please advise.
Examinership fees:- Can this be under Professional Receipt or I need to classify as Other Income in
26 July 2023
If it is technical services, then TDS must be deducted @2 percent but here TDS is deducted as 10 percent.
Hence whether examinership fees can be under Normal Business income or Persumptive. Further a person can claim Normal Business, profession income as well as Persumptive income ( 44AD and 44 ADA) along with salary and file ITR 3
26 July 2023
It's professional income. Yes, a person can claim Normal Business under 44ad and profession income under 44ADA along with salary and file ITR 3.
CAclubindia
