Answer

1. F

   Facts

   A resident freelancer in a specified profession with receipts within limits can declare 50% as income under Sec 44ADA and file ITR-4. Otherwise, or with capital gains beyond limits, ITR-3 is needed.

2. P

   Provisions and law

   • Sec 44ADA, Income-tax Act 1961 (now Sec 58, Income-tax Act 2025)Presumptive income of 50% of receipts for specified professions within limits.
   • Rule 12, Income-tax Rules 1962 (now Rule 164, Income-tax Rules 2026)Prescribes the ITR forms and who must use which form.
3. A

   Analysis

   The 44ADA limit is ₹50 lakh, or ₹75 lakh if cash receipts are within 5%. With ₹30 lakh receipts, 50% is ₹15 lakh income. If your real profit is lower and you want to claim it, you need books, possibly an audit, and ITR-3. Check whether your work counts as a specified profession.

4. C

   Conclusion

   1. 1Check if your profession is covered by Sec 44ADA.
   2. 2Check receipts against the limit.
   3. 3Choose ITR-4 for presumptive or ITR-3 for actual profit.
   4. 4File by the due date.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.