How To File ITR-4 for Professional Income U/s 44ADA for AY 2024-25 | how to file ITR-4 Income Tax

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  • Опубликовано: 4 окт 2024
  • How To File ITR-4 for Professional Income U/s 44ADA for AY 2024-25 | how to file ITR-4 Income Tax
    Are you a freelancer, consultant, or professional with income from your expertise? Filing your Income Tax Return (ITR) can seem daunting, especially when it comes to navigating the complexities of Section 44ADA for Assessment Year 2024-25. But fear not! In this comprehensive RUclips tutorial, we'll walk you through the entire process of filing ITR-4 for professional income under Section 44ADA.
    🔍 What You'll Learn:
    1. Understanding Section 44ADA: We'll break down the provisions of Section 44ADA, outlining who it applies to and how it impacts your tax liability.
    2. Eligibility Criteria: Learn if you meet the eligibility criteria for opting for the presumptive taxation scheme under Section 44ADA.
    3. Calculating Presumptive Income: Discover how to calculate your presumptive income based on gross receipts and allowable deductions.
    4. Filling Out ITR-4 Form: Step-by-step guidance on filling out the ITR-4 form, including key sections and fields specific to professional income under Section 44ADA.
    5. Important Documents and Declarations: Understand the supporting documents required and declarations to be made while filing ITR-4 for professional income.
    By the end of this tutorial, you'll feel confident and empowered to file your ITR-4 for professional income under Section 44ADA for AY 2024-25. Don't let tax season stress you out - arm yourself with the knowledge you need to fulfill your tax obligations efficiently and accurately.
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    DISCLAIMER
    This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, chartered accountant, tax professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.

Комментарии • 70

  • @RTSProfessionalStudy
    @RTSProfessionalStudy  4 месяца назад +2

    you can avail our paid services for itr filing visit -rtsprofessionalstudy.com/our-paid-services/

  • @kamleshbhaishah744
    @kamleshbhaishah744 2 месяца назад +1

    VERY GOOD INTERPRIT ITR4 FOR PROFESSIONAL INCOME U/S 44ADA,
    THANK YOU.

  • @potatooniongarlic
    @potatooniongarlic 4 месяца назад +1

    Balance sheet computation for loan ka Thora banadijiye

  • @talkingworld8610
    @talkingworld8610 3 месяца назад +1

    Sir ji, [only bank interest 4000rs+intra day 2500 loss+ short term Capital Gain 25000 profit ] & intraday turn over 1.1 crore and total turn over 1.6 crore to konsi ITR bharni hogi.

  • @SrishtiTiwari-w7u
    @SrishtiTiwari-w7u 2 месяца назад +1

    Who has not prepared balance sheet ...how to fill with help of AIS or form 16A

  • @bleedkish6589
    @bleedkish6589 2 месяца назад +1

    Why will you show higher than 50% profit? Then what’s the use of presumptive income?

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  2 месяца назад

      as per rule 44ADA you cant show less then 50%

    • @bleedkish6589
      @bleedkish6589 2 месяца назад

      @@RTSProfessionalStudy Yes, But you showed higher than 50% and also maintaining books of accounts, then just show normal business income why opt for 44ADA?

  • @Spillingfact
    @Spillingfact 2 месяца назад +1

    I have filed ITR 4 and while filling balance sheet details , i have only mentioned cash-in-hand and my return is successfully filed...

  • @i.a.a.g.e2505
    @i.a.a.g.e2505 4 месяца назад +1

    Short terms capital gain itr 4 mein dal ke advocate itr bhejdiye hai other income mein ye sahi hai

  • @shwetaaneja1588
    @shwetaaneja1588 3 месяца назад +1

    I am a teacher and tds is deducted u-s 194j. (Gross amt is 20k)
    Under which head should I show my income- other sources or pgbp??

  • @shivamgupta549
    @shivamgupta549 2 месяца назад +1

    we can fill ITR-3 with 44ADA, just quick doubt, why you are filling ITR-4?

  • @pransukatiyar914
    @pransukatiyar914 2 месяца назад +1

    Sir if a person getting salary from 192 and also got salary from 194jb which itr he has to fill ?

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  2 месяца назад

      you should file itr-4

    • @pransukatiyar914
      @pransukatiyar914 2 месяца назад

      @@RTSProfessionalStudy in professional income he has to show only which income he has got from 194jb right ? And is there any turnover related taxation in itr 4 ? For software engineer

  • @RajlakshmiOverseas
    @RajlakshmiOverseas 2 месяца назад +1

    Dear Expert,
    I am getting the below mentioned error while validating the income tax return filing.
    “Invalid PAN. PAN format should be First 5 Alphabets, next 4 digits, then 1 Alphabet and Fourth letter should be "P".
    But I am filing an income tax return for a Partnership firm and the “Profile” is registered as Firm” i.e. 4th Alphabet is “F” of PAN Card”.
    Please help us to validate the return and file the income tax.
    Thanks in advance.

  • @pushpitdevhri1476
    @pushpitdevhri1476 3 месяца назад +1

    Sir, Gross receipt m other mode apne select kia iska kya matalab ki apke pas ye paisa kaise aya? Kya ap described krege.

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  3 месяца назад

      both hai cash or bank mode k through

    • @pushpitdevhri1476
      @pushpitdevhri1476 3 месяца назад

      @@RTSProfessionalStudy sir bank or cash ka alag alag option h to fir other ka kya matlab?

    • @pushpitdevhri1476
      @pushpitdevhri1476 2 месяца назад

      Sir pls reply ki apne other kyo select kia ?

    • @HyderUsman-ij9cd
      @HyderUsman-ij9cd 2 месяца назад

      ruclips.net/video/63YPtPqva-k/видео.html

  • @sweetworld2652
    @sweetworld2652 2 месяца назад +1

    Sir my tds is deducted under 194JB for professional fees and 194S for virtual asset.
    Which ITR I have to file ?

  • @_Harshala
    @_Harshala 3 месяца назад +1

    If I file my ITR under default regime, can i opt for the old regime next year?

  • @i.a.a.g.e2505
    @i.a.a.g.e2505 4 месяца назад +1

    Maine Angel one se sip purchase sale ki thi angel one ki report mein aur ais mein diff araha

  • @hari7027
    @hari7027 3 месяца назад +1

    Income toh salary se hai but comp india mein registered nahi hai so form 16 nahi de sakta baaki software development profession ke under income dikhana hoga but yeh balance sheet bhi fill karni padegi ?

  • @B-Network.
    @B-Network. 4 месяца назад +2

    hlo sri bank ne tds cut kar liya march me but abi tak bo form 26 me show nahi ho raha to abi kya karna caheye.

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  4 месяца назад +1

      bank se baat kijiye

    • @B-Network.
      @B-Network. 4 месяца назад +1

      @@RTSProfessionalStudy bank bale keh rahe hai ca ce pushe bo batayenge.

  • @amitshukla7461
    @amitshukla7461 2 месяца назад +1

    sir ye GST number jaruri hai kya presumptive income ke liye ?

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  2 месяца назад +1

      yes

    • @amitshukla7461
      @amitshukla7461 2 месяца назад

      @@RTSProfessionalStudy lekin sir mai stock market me trader hun aur mere paas GST number nahi hai.

  • @pranab5037
    @pranab5037 2 месяца назад +1

    Sir mera income 1.5 lakhs se kom h fir bhi 12000 tds kat liya company ne.. Form 16A diya hai.. Main kya IRT 1 FILL KORU YA ITR 4

  • @reviewsbymohitmybloggingid4241
    @reviewsbymohitmybloggingid4241 3 месяца назад +1

    Bro, for amount on which tds deducted by client, i need to give amount credited in statement or the amount showing in form 26AS?

  • @myworld-e7h
    @myworld-e7h 2 месяца назад +1

    Sir, iam a doctor working in airport. My tds is deducted under sec 194 ja. Can i opt itr 4 ?

  • @nihayusufpatel3269
    @nihayusufpatel3269 2 месяца назад +1

    Sir education consultant gross receipts 460000 which section of presumtive tax applies 44AD or 44ADA ???
    Please reply
    If don’t choose presumptive tax basis does maintain of BOA mandatory as income exceed 250000?

  • @avtardeosi191
    @avtardeosi191 3 месяца назад +1

    I want to fill itr of my mother and she is tailor just this one is income sourse so what type of itr is suitable

  • @Accountant-s2t
    @Accountant-s2t 2 месяца назад +1

    Sir itr4 me turnover taxable value ko show karte hai kya

  • @drsundeepnigam
    @drsundeepnigam 2 месяца назад +1

    I am a government medical officer I get salary and rs 5 lakhs professional fee and TDS deducted u/s194 jb.. I want to know what receipt /documents/record I need, to take benefit u/s 44ADA.

  • @TEACHINGGURUBADRI
    @TEACHINGGURUBADRI 3 месяца назад +1

    Aapka tds refund toh hai

  • @dhanujoshi1
    @dhanujoshi1 3 месяца назад +1

    Sir mera 194j mein deduct hoti h salary m contract basis pr job krti hu.meri 80c m invest krti hu ppf mein.m old regime 10iea form bharu kya.

  • @serajahmad729
    @serajahmad729 4 месяца назад +1

    Bhai kaha hai is samay koi video nhi a raha hai sab thik hai

  • @rajasen8144
    @rajasen8144 3 месяца назад +1

    Sir my most of the income is from FD interest and only one income of 2.2 lac from business and one income each LTCG and STCG from capital gain of mutual fund Rs 61 k . Can i file ITR-4 for the same

    • @RTSProfessionalStudy
      @RTSProfessionalStudy  3 месяца назад

      yes

    • @rajasen8144
      @rajasen8144 3 месяца назад

      @@RTSProfessionalStudy Sir will please guide me which schedule to select in IT4 for to put LTCG and STCG data's.

  • @ParidhiJain-f4r
    @ParidhiJain-f4r 3 месяца назад

    Hi,
    I am maintaining books and showing income from “profit and gain from profession” and filing my ITR under normal tax provisions from last 10-11 years. Now I no longer want to maintain books so I am planing to file ITR under presumptive taxation [section 44ADA] as I am a software engineer by profession and eligible for section 44ADA.
    Q-1: Can I switch from normal tax provisions to presumptive taxation ? is it allowed in my case?
    Q-2 Can I get notice from income tax department for switching it to presumptive taxation just because I was showing it under normal tax provisions from last 10-11 years and maintaining books?
    Q-3 Do I need to submit any form [SIMILAR TO 10IE OR 10IEA form that we fill before filling ITR ] for switching to presumptive taxation?
    Q-4: I filed my ITR under new tax regime last year and filled form 10IE. But this year, new tax regime has been made default and I am also going to continue with new tax regime. Do I need to submit form 10IE or 10 IEA this year again if I choose new tax regime for this year?
    Please reply as soon as possible.
    I will highly appreciate your help.
    Thanks.

  • @VandanGaude
    @VandanGaude 2 месяца назад +1

    Sir 194JB kaha dikhana hai

  • @i.a.a.g.e2505
    @i.a.a.g.e2505 4 месяца назад +1

    Bahut din bat video laye aap