ITR Filing: Freelancers Should Choose ITR-3 or ITR-4?

The deadline for ITR-3 and ITR-4 forms has been extended to August 31 for the Assessment Year 2026-27. Freelancers can opt for the presumptive taxation scheme under Section 44ADA, declaring 50% of gross receipts as income. However, ITR-4 is only for those with total income up to Rs 50 lakh, and regular taxation may be better if expenses exceed 50% of receipts.