Freelancers: Do You Need to File ITR-3 or ITR-4?

Choose ITR-4 if you opt for presumptive taxation.

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Your total income must not exceed ₹50 lakh.

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Section 44ADA applies only to specified professionals.

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The gross receipt limit is ₹50 lakh, or ₹75 lakh when cash receipts do not exceed 5%.

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Choose ITR-3 when declaring income after actual expenses.

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ITR-3 also applies when you are not eligible for ITR-4.

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Check your income sources and tax method before filing.

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https://ebizfiling.com/

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