Mr. A has earned professional fees being "consultant fees" during FY 18-19. The applicable TDS has been deducted under section 194J and deposited.
My question is: Under which head should I show this professional fees: Income from Business and Profession or Income from Other sources?
Also, which ITR to be filed - ITR 3 or ITR 4?
Thank you
If you are opting for presumptive based tax, then ITR 4. Or else, ITR 3. It shall be shown under the head business and profession.
Thank you for the response.
Considering ITR 4 is filed, can you please guide me as to which profession code can I select for a GRAPHIC DESIGNER / AD MAKER / AD DESIGNER?
because I am unable to see any such drop down for profession code. Can it be considered under code 20010-Individual artist excl authors?
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