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As Being Free Lencer
Hello I Wanted To Know As Being A Free Lencer Do I Have To File ITR 3 & Is It Necessary To Maintain Accounts On Tally? And Can I Minus Personal Expenses From Total Receipts ?
Replies (4)
Unless you declare the income under presumptive assessment, you are liable to maintain accounts u/s. 44AA of IT act.
Personal expenses cannot be deducted from income u/h. PGBP.
You can choose presumptive taxation scheme if your turnover is below 2crore/50 lakhs in case of profession.
So you are not required to maintain books of accounts.
So you are not required to maintain books of accounts.
Thank U Very Much For The Answers. So My 2nd Question Is In Presumptive Assessment I.ll Have To File ITR 3 ?
ITR 4
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