Internship- business?

Ruban JK (student)     17 August 2019

Ruban JK
 23 points

| My Other Post

My friend has joined an IT Company as an intern. his stipend was considered as professional payment and TDS u/s 194J was deducted. Should he file ITR 3? Can he go in for 44 AD


Dhirajlal Rambhia (KVO Merau Kutchh)     18 August 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9075 likes  92298 points

View Profile | My Other Post

He can file ITR 4 u/s. 44ADA.


Kapadia Pravin   18 August 2019

Kapadia Pravin

 810 likes  12694 points

View Profile | My Other Post

File ITR4 under 44ADA.
Minimum 50% of stipend income is required to be presumed as your income. you can show more than 50%.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Popular Discussion

view more »