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As Being Free Lencer

21 February 2023

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 ?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (194843 Points)
Replied 22 February 2023

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.

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shivam bhatia (231 Points)
Replied 22 February 2023

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.

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