ITR Form Trading and Presumptive Taxation Income

Hello
I have trading income and freelancing income.

I want to opt for a presumptive taxation scheme under s 44 ada.

Which ITR Form will i be required to file?

Replies (4)
Quick Summary
If you have both trading income and freelancing income, and wish to opt for the presumptive taxation scheme under Section 44ADA, you might be wondering which Income Tax Return (ITR) form is appropriate. While ITR-4 is often associated with presumptive income, it's possible that ITR-3 may be the correct form, especially if you have trading income. It is confirmed that you can opt for S.44ADA within ITR-3.

Itr4 return

File ITR 3.        

Can I opt for S. 44ADA in ITR 3

Yes, of course...      

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Follow