Income classification under heads of income under income Tax

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CA Ajay Chhaya (Querist)
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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 ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 June 2025 File ITR 4 with salary income and professional income under section 44ADA.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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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

Nikhil Kaushik

Nikhil Kaushik (Expert)
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03 June 2025 Seetharaman ji. It shall depend on the nature of consulting income. Not all consulting income is covered under 44ADA

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 June 2025 Yes, agreed with you.

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