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As Being Free Lencer

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3 Points Posted on 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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On 21 February 2023 at 21:02 Report
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SEO Sai Gr. Hosp.
211604 Points Posted on 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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On 22 February 2023 at 12:07
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231 Points Posted on 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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On 22 February 2023 at 17:34
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3 Points Posted on 22 February 2023
Thank U Very Much For The Answers. So My 2nd Question Is In Presumptive Assessment I.ll Have To File ITR 3 ?
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On 22 February 2023 at 22:53
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231 Points Posted on 22 February 2023
ITR 4
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On 22 February 2023 at 23:35


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