I am a partner in a LLP formed in November 2019.
I have also received professional fees which until last year I used to show under 44ADA in ITR 4.
my total income is less than 50 lakhs
So for FY 2019-20 (AY 2020-21) which itr is applicable to me - ITR 3 or ITR 4?
Menu
ITR 3 or ITR 4?
Replies (2)
Since your a partner in a firm not eligible to file ITR 4, kindly file ITR 3 and in there you can select option 44ADA to show your professional income
Yes, You are required to file your return in form ITR 3 in that also you can show your professional fees income under 44ADA.
Recent Topic
- Forward tax charge gst related
- SBI direct mutual funds ITR
- 44AE Section
- FEMA compliant structure
- Tax obligation in AY 2026-27
- EFILING ITR2 FROM COMMON FILING UTILITY
- SBI gold bond interest
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
Related Topics
CAclubindia
