banner_ad

Can presumptive tax applicable for ITR 3?

ITR 644 views 5 replies

I am an individual taxpayer, working as an Engineer and my income sources are from Salary and freelancing income. The total income for the last financial year is around 65 lacs. If I file ITR3, would I be eligible for presumptive taxation benefits for my freelancing income? If not what would be the best way to save tax on my freelancing income? Please suggest. Thanks

Replies (5)
Yes possible
Professional income should not exceed 50L to avail presumptive u/s 44ada
Agreed with mr subramanian
Hi Wazir Cin, I'll be happy to help you.
In your case, you need to show income in two heads. The first one is under the head salary, and then the remaining freelancing income will be shown in income under the head business and profession.
Freelancing income, if less than 50 lacs, then you can choose presumptive scheme u/s 44ADA to save your taxes.

Further, if you need help, then I'm leaving the details in your inbox. We will discuss in detail the ways for saving tax.
Pls post gross total income


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details