which form can be used for advocate/doctors
And what are the main point to remember
ITR 3 or ITR 4...
ITR 4 - u/s 44ada profit will be shown 50% /above 50%
ITR 3 - Will be file u/s 44aa or 44aa with AB...
6 Replies
prasad Nilugal
(3914 Points)
Replied 25 July 2018
you can opt ITR 4 , presumptive income under Section 44ADA of the income tax act , 50% of the gross receipts .
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 25 July 2018
If ITR 3 then Yes. BS and PandL required as per the professional
If ITR 4 then read the instructions in ITR 4 Form.
If ITR 4 then read the instructions in ITR 4 Form.
M.M Sachora
(Tax Professional & Advisor)
(1421 Points)
Replied 01 March 2019
Agree @ Raja pm... ITR-4 section 44ADA
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