I have two types of income, one from my small business which is an online publishing business for which i am a sole propriotor. And other is professional i.e. i provide online technical training/consultancy. The income for the professional one is not related to my business and i receive it in my personal account.
In this scenario, which section should i use to file return. 44AD or 44ADA or both.
Please help
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I have two types of incomes business and professional. which section should i use 44ad or 44ada
Replies (2)
You can use both section 44ad and 44ada and file ITR 4.
Thanks Sunil for your prompt reply
Just for clarification
1. Under section 44AD, i can mention my income as straight 6% of the gross reciepts (digital)
2. Under section 44ADA i can mention my income as straight 50% of the gross reciepts.
Thanks
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