44ad
This query is : Resolved
25 December 2017
Mr.X works for a Y company which gets contracts from electric department ..The job of mr.x is to prepare the budget and all material costs which helps Y to get contract to them.. He gets money once project allotted to Y..TDS deducting u/s 194c...Is it correct from the side of Y to deduct u/s 194c?
Mr.X doesnot have any expenses for earning that income but he claims 44AD benefit ?? is this correct??
so is contract jobs are misusing 44ad in real life??
Mr.X doesnot have any expenses for earning that income but he claims 44AD benefit ?? is this correct??
so is contract jobs are misusing 44ad in real life??
25 December 2017
194J TDS applicable for such service. 44AD benefit can't be claimed check 44ADA benefit can be claimed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Error AIS modification submitted
- Do I need to pay taxes on uber one credits or Best Buy reward certificate?
- House keeping and security services ITC can claim
- ITR BELATED FILED DEFECTIVE U/S 139(9) AY 2024-25 - FAILED TO SUBMIT THE ONLINE RESPONSE
- Regarding remand back of order by ITAT to CIT(A)
- Grocery given to poor people
- Treatment of Renting of Villa
- Section 50C vs 56(2)(x)
- Evaporation loss in vat return
- DTAA India & UAE
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
