I am a Govt Pensioner . At present working as technical Consultant and receive my professional fees through Invoice under section 194J with 10% deduction of Tax by the employer. My total Receipt including pension is less than 50 lakh per annum . Can i use Section 44 ADA for calculating my professional income and add my pension to calculate my total Income for tax puposes . Which ITR i should file in such case.
Thanks
Pradeep
Yes, you can file ITR 4 (AY 2017-18) with PGBP income under 44ADA and pension under salary head.
Thanks for the clarification. I have also being paying interest of Education loan taken for my son . Can i take deduction of interest from my total taxable income while claiming income under section 44ADA
Yes, subject to deduction available u/s. 80E of IT act.
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