Answer

1. F

   Facts

   Yes, if the freelance income is professional or business income and you want the old regime. Any business or professional income brings you under the Form 10-IEA rule. Without the form, the new regime applies.

2. P

   Provisions and law

   • Sec 115BAC (now Sec 202)New regime is the default; business filers opt out with Form 10-IEA by the Sec 139(1) due date
   • Sec 44ADA (now Sec 58)Presumptive income of 50% of gross receipts for eligible professionals
3. A

   Analysis

   Freelance work like design, writing or consulting is usually professional income, even if small. Some one off receipts may be taxed as other sources instead, which changes the answer, so check with a CA. If it is professional income and you want the old regime for HRA and 80C, file Form 10-IEA by the due date. If the new regime is cheaper anyway, no form is needed.

4. C

   Conclusion

   1. 1Decide the head of the freelance income with your CA.
   2. 2Compare regimes including the extra income.
   3. 3File Form 10-IEA if choosing the old regime.
   4. 4File ITR-3 or ITR-4 as applicable.

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