09 September 2012
one of my client who is contractor doing painting job to bud bodies and he has received say Rs.seven lakhs during the financial year 2011-2012 from XYZ co., The company has deducted TDS at 2% and issued form 16-A to contractor. can we declare his income u/s 44AB at 8% of gross receipts from contract work. Secondly which ITR FORM we shall use for filing the return. He is not having any other income.
CAclubindia
