Refund u/s 44ad.

This query is : Resolved

makajan (Querist)
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01 November 2012 Dear Sir/Madam,

I am a Works Contractor and my TDS has been deducted for the FY : 2011-2012 under section 194C of Rs.15146/-. and i have not maintained any books of
Accounts for the said Financial Year. i made Receipt of Rs. 16 Lakh in 2011-12. My question is that can i get Refund after filing Income tax return
U/Sec. 44AD after Showing 8% Income on Receipts of Rs. 16 Lakh. Please Clarify.
Thanking You.

From.
Gopal Subramaniam.

Jagadeesh

Jagadeesh (Expert)
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05 November 2012 Your total taxable income falls below taxable minimum and entire tax would be refundable if you do not have any other income from any of source. Please check you personal message box where I have sent computation sheet. Copy same and paste it on excel sheet you will get fair copy.