Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

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 (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.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Start a New Discussion

Popular Discussion

view more »

Subscribe to the latest topics :
Search Forum:

Trending Tags