One of My Client received amount every month from outside India. Since, he is resident & received payment for his profession. He did designing work for his customer who is in outside india & they paid for the work.
How do i show this income in ITR 3 u/s 44 ADA.
Shall i take 50% of the received amount directly or take full payment and should file P&L, & Balance Sheet and reduce 50% as expenses.
Kindly clarify me.
CAclubindia
