12 August 2019
I have small pension income Rs. 30000, interest income Rs. 2.5 Lacs, short term gains 2 Lakh, Adsense income from my website (for which i write my own content) of Rs. 3 Lacs (annual). Have been filing ITR 2 so far. Intend to file ITR3 & take advantage of presumptive taxing for ad sense income (44ADA). for tax on 50% income. Filling item 62 "COMPUTATION OF PRESUMPTIVE INCOME FROM PROFESSIONS UNDER SECTION 44ADA" in schedule "P&L" with business code 14001-software development. Is this OK or I need to stick to ITR 2
CAclubindia
