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Khushboo (article assistant)     17 September 2020

ITR 3 or ITR 4?

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?


 2 Replies

CA ABHAY GUPTA

CA ABHAY GUPTA (Practice)     17 September 2020

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
Sagar Patel

Sagar Patel (Tax and Business Consultant)     17 September 2020

Yes, You are required to file your return in form ITR 3 in that also you can show your professional fees income under 44ADA.

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