ITR selection for tax filing

sai (Mr) (70 Points)

15 December 2021  

Hello,

I had worked as software engineer for a client through a consultancy. All my work was done from remote location i.e., WFH. I was paid on hourly basis at the end of every month. For the last financial year April 2020 - March 2021, I received a total of Rs.8,00,000. TDS was deducted @ 1 percent under section 194C every month.

My employer told me to use section 44ADA to get 50 % exemption as expenses.

I have STCG (Rs.10,000) and intraday profit (Rs. 500) from stock market investing.

I don't have any other investments and so I want to file my returns under new tax regime.

 

Under which ITR, should I file my tax ? How to choose 44ADA section ?

kindly clarify my doubts and provide me your valuable suggestions.

 

Thanks & Regards,

Sai Raj.