Income classification under heads of income under income Tax
This query is : Resolved
Quick Summary
02 June 2025
An individual receives two types of income from the same concern — salary and consultancy fees — and TDS is deducted under Section 192 and Section 194J respectively. under which head the income to disclose and whether sec 44AD is applicable to Consultancy income ?
03 June 2025
File ITR 4 with salary income and professional income under section 44ADA.
03 June 2025
The turnover limit for section 44AD is Rs. 2 crores. It can be extended to Rs. 3 crores if 95% of the total receipts are through online modes. You can file ITR4 as suggested by Honorable member as above
03 June 2025
Seetharaman ji. It shall depend on the nature of consulting income. Not all consulting income is covered under 44ADA
03 June 2025
Yes, agreed with you.
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