Profit and gains from business or profession
This query is : Open
23 July 2018
An Engineer assessee for the first time to file his income tax return, received professional income (tds u/s 194J) , which is more beneficial or appropriate to file his return? ie, ITR 3 or ITR 4 ,(and can i show more than 50% of his gross receipt as profit u/s 44ADA?)
Age 62, Resident, total receipt is 590000
Age 62, Resident, total receipt is 590000
23 July 2018
Yes... If he will file u/s 44ada then he ll declare profit 50% / Above 50 percent...
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