for eg. I am a chartered accountant and being a partner of the CA firm. I get a remuneration of Rs. 16 Lacs and interest amounting Rs. 10 Lacs for capital contribution. Thua this income will be considered as my business income.
And I do get client in my personal capacity which results to Rs. 10 Lacs income which will be considered as professional income(including TDs)
Now do help me with the form I need to get.... Can I get 44ada benefit for professional income of Rs. 10 Lacs.
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itr foem
Replies (4)
u should file ITR 3 as u have professional n business income both
can I avail 44 Ada benefit for my professional income
ITR 3 is applicable if Assessee get income from Partnership Firm. So, You ll file ITR 3 with Your partnership income and Proprietorship income.
Yes... You can opt sec 44ada for Your proprietorship Income.
Yes... You can opt sec 44ada for Your proprietorship Income.
so I shall fill up form 3 for both business income and professional income under sec 44 Ada??
if yes then guide in which sheet of form 3 I shall fill 44 Ada details as I didn't any such option in form 3
if yes then guide in which sheet of form 3 I shall fill 44 Ada details as I didn't any such option in form 3
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