Hello, This is the first time I am filing ITR 3 and the reason is I received professional charges\receipts of Rs. 43000 from a company for freelance services for which they have deducted TDS of Rs. 4300. My total income for FY2025/26 is about Rs. 90000 (including bank interest income). Due to professional income, I understand I need to file ITR-3. Question is; How do I show these receipts of Rs. 43000 in ITR-3 form, under what section?
Is it under Schedule "Part A - P & L", Section "Presumptive Income", Item # 62 "COMPUTATION OF PRESUMPTIVE INCOME FROM PROFESSIONS UNDER SECTION 44ADA"?
OR
Under same section Item # 64 "NO ACCOUNT CASE - IF REGULAR BOOKS OF ACCOUNT OR BUSINESS OR PROFESSION ARE NOT MAINTAINED, furnish the following information for previous year 2025-26 in respect of business or profession"?
Note that I don't have any expenses as I rendered my services at the clients place using his facilities (PC, Software, Internet, etc.), So entire amount is my Professional income. Also I have not maintained any Books of Account nor planning to do it?
Appreciate if you could advice me which other Sections do I need to fill in and where to do the professional income entry in ITR 3. I am using Income Tax Deapartment's utility to file return.
CAclubindia
