A Human Resource professional working as an IT freelancer is seeking guidance on the correct profession code to use for filing their Income Tax Return (ITR-4) under Section 44ADA. They have been freelancing for six months in the 2022-23 financial year, receiving digital payments, and wish to declare 50% of their income under the presumptive taxation scheme.
20 July 2023
Hi, I am a Human Resource Professional, worked as HR freelancer in IT company for 6 months in F.Y. 2022-23, and all my payments are digital transferred to my account directly.
Which Profession code I have to select for filling ITR-4 with presumptive taxation under 44ADA to declare 50% of my income.