My friend working as freelancer from last six month and before that he was an salaried employee for six month for the same FY, so he can file ITR-1 or ITR-4 or both he has to file....? please confirm sir, he is having Form-16 for 1st 6 months.
11 November 2020
Sir please let us know which code is applicable for Journalist, she is working from home and writing books to the media, I should select 44AD or 44ADA and what is the code for that..?
11 November 2020
Under presumptive taxation you need to offer 50% as income on your professional receipts. Yes, you are eligible for presumptive taxation u/s 44ADA. Because Journalist is a professional covered u/s 44ADA.
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