for eg. I am a chartered accountant and being a partner of the CA firm. I get a remuneration of Rs. 16 Lacs and interest amounting Rs. 10 Lacs for capital contribution. Thua this income will be considered as my business income.
And I do get client in my personal capacity which results to Rs. 10 Lacs income which will be considered as professional income(including TDs)
Now do help me with the form I need to get.... Can I get 44ada benefit for professional income of Rs. 10 Lacs.
Menu
itr foem
Replies (4)
u should file ITR 3 as u have professional n business income both
can I avail 44 Ada benefit for my professional income
ITR 3 is applicable if Assessee get income from Partnership Firm. So, You ll file ITR 3 with Your partnership income and Proprietorship income.
Yes... You can opt sec 44ada for Your proprietorship Income.
Yes... You can opt sec 44ada for Your proprietorship Income.
so I shall fill up form 3 for both business income and professional income under sec 44 Ada??
if yes then guide in which sheet of form 3 I shall fill 44 Ada details as I didn't any such option in form 3
if yes then guide in which sheet of form 3 I shall fill 44 Ada details as I didn't any such option in form 3
Recent Topics :
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
Related Topics :
CAclubindia
