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What % Presumptive income should I apply?

ITR Filing 351 views 3 replies

Ajith Kumar

1 Points Posted on 01 August 2023

Hi,

I work as a freelance consultant and TDS is deducted under 190-J against my professional fees which is 10%.

When filing my returns what % should i opt in presumptive income.

Thanks in Advance!!

Kumar

Replies (3)

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 01 August 2023

If professional income then u/s 44ADA and 50% profit..

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 01 August 2023

For professionals 50% of income 44ADA

S ELAVARASI

ACCOUNTANT

2975 Points Posted on 02 August 2023

50% under section 44ada

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