Business name for a freelancer in itr 4 ay 2019-20

Hi, I am a freelancer using social media marketing for clients and have income less than 10 lakhs. I have a few questions regarding filing ITR-4. Kindly help with the same:

1. In ITR 4 AY 2019-20 under Computation of Presumptive Income for Professions under section 44ADA, there is requirement to mention Business Name. But, I am freelancer individual and I don't own a business. What should i input in this case?

2. For Financial particulars of business, as I am an individual what should be the entry for Sundry Creditors, Inventories, Sundry Debtors and Cash in-hand?

Thanks

Replies (7)

FREE LANCER YOU ARE DOING IN YOUR OWN NAME THEN YOU CAN ENTER YOUR NAME IN BUSINESS OR IF YOU HAVE SOME BOLG NAME THEN YOU CAN ENTER THAT NAME ALSO .fOR THE CONCERN OF DEBTOR/CREDITOR/CASH IN HAND IF YOU HAVE RELEVANT INFORMATION THEN YOU CAN ENTER THE SAME OTHERWISE PUT ZERO VALUE IN THE SAME AND PROCEED FORT THE SAME

Thanks Umesh

File Itr 3 and claim expenses. if you file itr 4 you have to show 50 percent profit. Itr 3 e filing utility will be made availbe soon. 

Sir can you please tell me if one is doing freelancing business and he/she is just a BA and doesn't hold any professional degree and, is providing services of social media etc. will they be able to file ITR 4 and opt for section 44ADA or they will have to go for section 44AD?

Can you please resolve my doubt? thanks.

that doent not matter that you are having professional degree or not for profession you can file retune and claim expenses.

Hi I have a software company(I am Director there). And I do separate IT work as well which I get paid for. I want to know which form should I fill for AY20-21. It would be helpful.

It all depends on your skills

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