I am employee from 01.04.23 to 30.09.23
& getting salary.
From 01.10.23 & onward I am working as a consultant as professional work ,& getting remuneration On remuneration tds is deducted.
For F.Y 23 - 24 income tax return followings are my queries.
1) Can I avail full deduction like as standard deduction, HRA & Exemption up to threshold limit as employee salary.
2) Can I required to file two return i.e. Income from salary & Income from professional work or one return
3) For professional work I prefer to choose presumptive Tax scheme u/s 44 ADA
Pl.guide how compute the both income
1. Yes.
2. Only one return ITR3/4
3. Eligible.
CAclubindia
