Inquiry about Filing ITR for Combined Freelance and Permanent Employment
This query is : Resolved
13 July 2023
Hi
Between April 2022 and mid-August 2022, I worked as a freelancer for a company. From mid-August 2022 onwards, I moved to a permanent employee position within the same company. I have received Form 16 for the period of August 2022 to March 31st, 2023, and Form 16a for the period of April 2022 to mid-August 2022.
Now, I am unsure if I need to file separate income tax returns (ITR 1 for the permanent job and ITR 3 for freelance income) or if I can file ITR 1 only and include the freelance income under the "Income other than salary" head.
Your suggestions would be greatly appreciated.
Between April 2022 and mid-August 2022, I worked as a freelancer for a company. From mid-August 2022 onwards, I moved to a permanent employee position within the same company. I have received Form 16 for the period of August 2022 to March 31st, 2023, and Form 16a for the period of April 2022 to mid-August 2022.
Now, I am unsure if I need to file separate income tax returns (ITR 1 for the permanent job and ITR 3 for freelance income) or if I can file ITR 1 only and include the freelance income under the "Income other than salary" head.
Your suggestions would be greatly appreciated.
13 July 2023
File only one ITR 3, where in disclose both incomes.
13 July 2023
okay, just now my company accountant is saying that I should file ITR 4
is he correct?
is he correct?
13 July 2023
Yes, if TDS deducted u/s. 194Jb, and if you are eligible for sec. 44ADA of IT act.
Otherwise file ITR 3.
Otherwise file ITR 3.
Message likes :
1 times
14 July 2023
You are welcome.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- ITR-Capital Gain
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Short Term Gain Reporting ITR
- Loss of interest in PF transfer from EPFO to Trust
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Error in uploading Form 10BD
- TDS on rent received on hardship compensation being rent on redevelopment of building
- F&O reporting in ITR
- 44AD, 44ADA business details
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
