10 April 2016
dear sir,
A cab driver is providing services to co. like ola and get tds deducted u/s 194C.
there is no principal to employee relationship b/w them.
My query are that
1.under which head in IT return he show this income salary/ pgbp/ other source
2. can he file return for a/y 2015-16 without penalty of rs.5000 as it is a refund case.
3. is penalty of rs.5000 is decided by assessing officer after filing of return or it is to be paid while filing return
10 April 2016
1. You have to show income under the head pgbp. 2. Yes he can file the return for AY 2015-16. 3. Penalty is generally not levied and depends upon the discretion of the AO. It is not required to be paid while filing the return.