Hello....I am a freelancer and works as an architect...I work for different corporate clients and they deduct my TDS under Section 194J...I will ITR 4 ao as to avail the benefit of Section 44ADA...The amount received by me during the previous year is Rs 11,00,000....I have mentioned Gross receipt as 11,00,000 and presumptive income as 5,50,000. Is this okay?
Following are other queries in this regard:
Jan. 05, 2018
- What amount shall be shown as sundry debtors, sundry creditors, stock in hand & cash balance. Will it be nil?
- Will benefit of 6% be applicable in my case also, as whole amount is received by me through digital mode.