Salaried employee with a one-time income as visiting faculty filed under 194J(b)

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29 June 2024 Hi All,

I am a salaried employee and generally file ITR-1. However, for AY 24-25 (FY 23-24), I have a one-time income for teaching as a visiting faculty in an MBA school filed under 194J(b), with a 10% tax deducted. Can I file returns this year under ITR-4 u/s 44ADA showing a 50% deduction for expenses? I read different viewpoints on this with some suggesting that visiting faculty gets covered under 44ADA, and in some places, a code for education was not covered under professions covered under 44ADA. Request to suggest the appropriate form as well as the section under which to file the ITR. Thanks in advance.

29 June 2024 Yes you can file ITR 4 u/s. 44ADA IT act. Select code '16019'

29 August 2024 Good Luck.




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