Help in return filling and rectification of error

This query is : Resolved 

11 November 2021 hello expert
recently i filed my first itr and i made some mistake plz help
1. i am a freelancer helping people with accounting and consulting in filing for pan and linking process for which my GReceipts where 92000 and profit was 65000 cash 10400 i foolishly filled itr 4 under section 44 ada in under profession of accountancy with no current account i am an mcom graguate
2. i dont think i will be continuing my profession as i have joined a job and have no ffree time.
3 i know opting out of itr 4 or 3 i will lose the presumptive scheme for 5 years which i dont think i should lose

i am also scared of getting a notice from IT and have not slept for 2 days of scare

my main reason for filing itr this year is to show my freelance income as i have applied for TA exam in which i put PGBP as my employment
i think i want to show my income in other souces as freelance and not claim benefit of 44ad or ada
but as i have filed my income tax can an expert help me in this mess
plz plz plz help

11 November 2021 1 When you have already filed return, no need to change or to get worried, as it is not adversary.
2. If you wish you may change it to ITR 3, you will not loose the 5 year benefit, as you have filed it under sec. 44ADA, which is not binding as sec. 44AD.

11 November 2021 thankyou sir thanks alot i am reliefed❤️

11 November 2021 God Bless You ....


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Follow us


Answer Query