IF a professional have income from partnership professional firm (remuneration, interest, profit) and also have part time professional income other than partnership professional income and want to adopt the U/s 44ADA for part time professional income than while filling in ITR 3 it is required to fill the balance sheet and P/L portion for his income.
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44ada income in itr 3
Replies (3)
Yes, for the remuneration & interest received from firm as PGBP income.
it is compulsory to fill the balance sheet and profit and loss account portion for part time professional income while opting 44ada in itr 3
No, but few data regarding cash balance etc. are required to be flled.
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