How to Add Business / Profession Income?

Here's how you can add Business and Profession Income:

1. Navigate to Incomes Tab

2. Go to Business/Profession

3. Select Business Income for Any profits earned from the sale of product or service

   1. 1. Business income u/s 44AD - if opting for presumptive business income

      2. Regular Business income

4. Select Professional Income for any incomes earned from the skill set of an individual is Profession Income

   1. Professional Income u/s 44ADA - if your professional with gross receipts less than or equal to Rs. 50 lakhs and profit greater than or equal to 50% of gross receipts

   2. Regular Professional Income - usually for professionals whose gross receipts exceeds Rs. 50 Lakhs or maintains regular books of accounts.