ITR for Professionals/ Freelancers

Inclusions

• Income from Profession (Section 44ADA - 50% of gross receipts)
• Gross receipts verification
• Section 44ADA computation (50% of gross receipts)
• Maintenance of books of accounts (if opted out of presumptive scheme)
• Salary, Pension or Family Pension
• Income from One House Property
• Income from Other Sources (Interest, Dividend, etc.)
• Agricultural Income up to ₹ 5000/-
• Tax-saving deductions (80C, 80D, etc.)
• Reconciliation with Form 16, Form 26AS, AIS, and TIS
• Tax optimization guidance

Exclusions

• Gross receipts above ₹75 lakh (if cash receipts > 5% of total receipts)
• Gross receipts above ₹50 lakh (if cash receipts ≤ 5% of total receipts)
• Non-eligible professions under Section 44ADA
• Income from Multiple Properties
• CF/BF losses
• Capital Gains
• Income from Trading (F&O, Intraday)
• Business/ Professional Income
• Foreign Income
• Non-resident Indians (NRIs)

Recommended For

• Professionals
• Freelancers
• Tutors
• Other notified professionals under Section 44ADA

Not Recommended For

• Professional income less than 50% of gross receipts
• Gross receipts above ₹75 lakh (if cash receipts > 5% of total receipts)
• Gross receipts above ₹50 lakh (if cash receipts ≤ 5% of total receipts)
• Total income more than ₹50 lakh
• Any income not eligible for presumptive taxation under Section 44ADA

How It Works

• Share your details and upload documents
• Our expert prepares your tax return
• Review and approve your return
• We file your return and help with e-verification
• Get ITR-V after e-filing
• Post-filing support available

Documents Required

• Form 16 from employer (if applicable)
• Form 26AS
• AIS Statement
• Bank statements
• Professional income details
• Professional tax receipts
• Rent receipts (if applicable)
• Investment proofs for tax savings
• Gross receipts details
• Expense bills and receipts (if not using presumptive scheme)

Time Estimate

4-5 business days after document submission

Remarks

• This is a customised plan for professionals and freelancers eligible for Presumptive Taxation Scheme (Section 44ADA). If you have income not eligible for filing under Presumptive Taxation Scheme (Section 44ADA), please go for the all-inclusive Professionals plan which includes all these heads.
• Note: Tax audit fees are not included in the pricing of the plan & Freelancers who receive more than Rs 50 lakhs in the year are required to get tax audit done.