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Internship- business?

Ruban JK (student)     17 August 2019

Ruban JK
 23 points

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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


Aditi Kaur (Practising CA)    1 September 2020

CCI Online Learning offers a library of courses for CA/CS/CMA Aspirants from the best faculties in India. Our top notch courses aim to make your journey from a student to a professional, a successful one. To promise a successful career as a professional CCI Online Learning also offers programs like Financial Modeling, MS Excel, IFRS/IND AS Certification Courses that will help you take your career to the next level. Check out the free demo videos here


Dhirajlal Rambhia (KVO Merau Kutchh)     18 August 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9230 likes  93355 points

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


Kapadia Pravin   18 August 2019

Kapadia Pravin

 920 likes  14308 points

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

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