10 July 2019
Hi One of my friend is paid as a consultant and not a regular employee. He is being paid after deduction of TDS. every month. Under which section he has to show the income, under Sec 44AD or Sec 44ADA? Is Tax Audit is required? He is not maintaining any account. The payment is getting credited every month in his bank account which is the only source of Income.
CAclubindia
