Itr3 or itr4s? presumptive tax for ca professional


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This discussion addresses whether a chartered accountant with receipts of ₹9.60 lakhs and a net profit of ₹4.80 lakhs should file using ITR 3 or ITR 4, specifically concerning presumptive taxation under Section 44ADA. While the user believes ITR 3 is appropriate as books are maintained, the consensus suggests ITR 4 with a 44ADA declaration might also be an option, with no significant pros or cons identified between the two in this scenario.

(Querist)
30 August 2025 professional having receipts of 9.60 lakhs and net profit rs. 4.80 , which is exactly 50% margin.

which itr form has to go?

is 44ada required or not?

BOOKS ARE MAINTAINED PERFECTLY.

my view--> no need of 44ada noemL IRE3 WILL GO. AM I RIGHT?

31 August 2025 In either case there is no pro or con. You may prefer ITR 4 with sec. 44ADA declaration.

21 September 2025 Good luck....


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