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You may do either, but occasionally the IT authorities question a filing if the other sources income is too high. Then you'll have to show it as business/professional income, file ITR 3, provide bank balance details etc. Try filing ITR 1 first as income from other sources. If it works, then great.
Retain engagement letter, communication, expenses proof like flight tickets (if you're claiming any).
My main income is regular salary from a university, but that’s not relevant here.
I’d like clarification on these points:
1. Eligibility for 44ADA
Does independent teaching or guest lecturing at an educational institution qualify as a “specified profession” under section 44AA(1) read with section 44ADA for presumptive taxation (50 % deemed profit)?
Are there any recent CBDT notifications or case laws that explicitly include or exclude teaching?
2. Alternative Treatment
If 44ADA doesn’t apply, should the honorarium be reported as professional income with actual expenses, or as income from other sources?
3. ITR Form & Compliance
If 44ADA is allowed, is ITR-3 the correct form (salary + presumptive professional income)?
4. Documentation
What supporting documents should be retained to substantiate whichever treatment is correct (e.g., engagement letter, TDS certificate)?
Looking for guidance or authoritative references from practicing CAs or anyone who has handled similar guest-faculty/lecture income.