Explanation
Freelance income is income from business or profession under the IT Act — not 'Income from Other Sources' (which is a residual category for interest, dividends, etc.). For professionals (doctor, CA, advocate, engineer, designer, IT developer), the correct head is 'Income from Profession' under PGBP. This allows deduction of all business expenses — rent, internet, equipment, professional indemnity insurance. Presumptive taxation under §44ADA (§59 in IT Act 2025) is available if gross receipts ≤ ₹75 lakh — declare 50% as profit, no books required. Filing ITR-4 with presumptive OR ITR-3 with full accounts. Verify on the income-tax portal before filing.