ITR for freelance graphic designer?

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This discussion clarifies tax filing for freelance graphic designers. It confirms that graphic design work, especially through platforms like Fiverr and Freelancer.com, can be filed under presumptive income using ITR4 and section 44ADA. The correct business code is identified as 16005, associated with 'Engineering and technical consultancy', despite the graphic designer not having a specific design degree but an MCA. The conversation also addresses potential confusion with other codes and reassures the user about changing the business code in their draft ITR.

Abhishek

Abhishek (Querist)
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24 July 2023 Hello sir, please help me know my business code and whether I can opt ITR4 44ADA if I work as a freelance graphic designer via websites such as Fiverr and Freelancer.com?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 July 2023 Yes you can opt for 44ADA and file ITR 4.
Use income code 16005 u/s 44ADA.

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Abhishek

Abhishek (Querist)
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25 July 2023 Thank you so much sir for the information. I am very worried as it is my first time filing the ITR. There is so much confusion. I just want to clarify one thing -

Does graphic design freelancing come under Technical/Engineering field? Previously, I was about to use 20012 (Other cultural activities n.e.c.) for graphic designing to opt ITR4 44ADA

Also, when I try to fill my "Income from Source" tab in IncomeTax website, and select this profession - "Engineering and technical consultancy", the business code that comes thereafter is 16005, for which it asks me to select some mandatory fields which I don't know what to choose - such as "Registering Authority:", and "Registration Number/Membership Number". What should I do please sir guide me!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 July 2023 What is your qualification.

Abhishek

Abhishek (Querist)
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25 July 2023 I've done MCA (Master in Computer Application) in 2011, after that I worked for some advertising agencies, later I learned graphic designing and started working as a graphic designer from home via websites such as Fiverr and Freelancer.com.

Abhishek

Abhishek (Querist)
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25 July 2023 Please note that I don't have any degree in graphic designing but still it is my only source of income.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 July 2023 MCA can be considered as software professional degree.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 July 2023 Business code 14001- software development for claiming presumptive income from profession - Income Tax | ITR.

Abhishek

Abhishek (Querist)
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29 July 2023 Dear sir, I have created the challan and now going to file my ITR. One article that I came across is this: https://alerttax.in/section-44ada-simplifying-taxation-for-professionals/

I think I can be rest assured about sticking to this profession to opt 44ADA in ITR 4. But I simply cannot find the proper business code for it, please help? Also, won't there be any error if I go back in my ITR draft and change the Business Code and Description there?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 July 2023 Yes you can change business code.

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