Which ITR for Professional Income in AY 2026-27?
Professional income generally requires ITR-3, unless the taxpayer is eligible to report the professional income under presumptive taxation and satisfies the conditions for ITR-4.
Quick Answer
In practical terms, Professional income generally requires ITR-3, unless the taxpayer is eligible to report the professional income under presumptive taxation and satisfies the conditions for ITR-4.
Specified professionals
Section 44ADA applies to specified professions and has its own gross-receipts conditions. The current Income Tax Department FAQ states ₹50 lakh as the standard limit and ₹75 lakh where the cash-receipt condition is satisfied.
Freelancer versus professional
The nature of the activity and the applicable tax provision matter. A freelancer should not select ITR-4 solely because the work is called freelancing; the underlying activity and eligibility should be checked.
Related EZTax Questions
- Which ITR Form Should I File for AY 2026-27?
- Who Can File ITR-3 for AY 2026-27?
- Who Can File ITR-4 (Sugam) for AY 2026-27?
- Which ITR Should a Freelancer File?
