Hi,
For last financial year I was a freelance for some months and then was employed (on payroll) for rest of year. for the months I was a freelancer I have paid some advance tax. I also have some short term capital gains of less than 1lakh.
Which ITR form should I be filing for my IT returns.
Thanks in advance
File ITR 3
Claim your income u/s 44ADA.
assessment year is AY 2021-2022
total income from salary and freelance is less than 50 lakhs
how to determine eligibility for 44ADA
in terms of filling the form - is it easier to file ITR 4 compared to ITR 3?
What's the nature of service?
worked as contractor (software consultant) for an IT company
Then you can opt for 44ADA.
But I think I missed a point here. Since you have capital gains, ITR4 cannot be used. ITR3 would be the appropriate form.
thanks everyone for your responses. I guess ITR 3 it is
ITR 2 IS SUFFICIENT.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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