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Income head for part time accounting work

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account assistant
21 Points Posted on 07 July 2018

I am working as part time accountant in different firms. In which income head I should file my itr? Under salary Income or as business or profession head by opting 44 ADA? None of my employee not deduct tds , So when i choose to file under salary income is there will issue of any IT notice ? 

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On 07 July 2018 at 23:02 Report
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Accountant
3479 Points Posted on 07 July 2018
You can file ITR 3 as Income from PGBP

Income from part time accounting treat professional income
9 Reply
On 07 July 2018 at 23:33
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student
79 Points Posted on 08 July 2018
agree with Jatin, go for ITR 3 showing income from profession..... select business code 16002 and opt for presumptive taxation u/s 44ADA.... hope this helps you out.
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On 08 July 2018 at 00:26
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"Do the Right Thing...!!!"
128147 Points Posted on 08 July 2018
Yes... I agreed to above said replies...

@ Mr. R. Sharma.,

Better to file Your income as Professional income. Also you can use the above said code and Sec...
463 Reply
On 08 July 2018 at 06:30
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CA
89 Points Posted on 20 August 2020

What about if you have income from tds and gst returns filing and other miscellaneous audit assignments

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On 20 August 2020 at 08:28


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