Applicability of 44ADA for Salaried person doing freelance work

Hi there,

i am salaried person and am getting salary of 3 LPA. also am doing online freelance work of Video editing. I am providing freelance service to foreign clients . Around 7 LPA is my freelance income. While filing IT return, can i choose ITR 4 with 44ADA for freelance income. I have deduction in my salary income as Medical insurance,PPF,ELSS Etc..

 

Thank You

Ajey

Replies (2)
Quick Summary
This discussion explores whether a salaried individual earning £7 LPA from freelance video editing for foreign clients can use ITR 4 and the presumptive taxation scheme under Section 44ADA. The user also inquires about the necessity of paying advance tax by March when opting for presumptive income. The advice given is that it is permissible to use ITR 4 with 44ADA for the freelance income.

Yes... You can.

Thanks for your reply.I heard that while selecting presumptive income category . The taxpayers have to be file advance tax on end of march. Is it necessary 

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