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Internship- business?


Ruban JK (student)     17 August 2019

Ruban JK
student 
 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

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Aditi Kaur (Practising CA)    1 September 2020

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Dhirajlal Rambhia (KVO Merau Kutchh)     18 August 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9230 likes  93355 points

View Profile | My Other Post

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

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Kapadia Pravin   18 August 2019

Kapadia Pravin

 920 likes  14308 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%.


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