Sec.44 ADA

Rajkumar Gutti (538 Points)

13 June 2024  
I am employee from 01.04.23 to 30.09.23
& getting salary.

From 01.10.23 & onward I am working as a consultant as professional work ,& getting remuneration On remuneration tds is deducted.

For F.Y 23 - 24 income tax return followings are my queries.

1) Can I avail full deduction like as standard deduction, HRA & Exemption up to threshold limit as employee salary.

2) Can I required to file two return i.e. Income from salary & Income from professional work or one return

3) For professional work I prefer to choose presumptive Tax scheme u/s 44 ADA

Pl.guide how compute the both income