I am a partner in a LLP formed in November 2019.
I have also received professional fees which until last year I used to show under 44ADA in ITR 4.
my total income is less than 50 lakhs
So for FY 2019-20 (AY 2020-21) which itr is applicable to me - ITR 3 or ITR 4?
2 Replies
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 17 September 2020
Since your a partner in a firm not eligible to file ITR 4, kindly file ITR 3 and in there you can select option 44ADA to show your professional income
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 17 September 2020
Yes, You are required to file your return in form ITR 3 in that also you can show your professional fees income under 44ADA.
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