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income under 44AD
My query is that ...I have a client who's actually a broker who approve movie from senser board .....so basically he is not professional but his tds deducted under section 194j instead of 194c ...I have read the definition of profession these person is not covered there so I disclose these income under 44Ad @ 8% of total receipt as per 26AS...now I have received notice from department according to that I had not included the income in my ITR whereas i disclosed it under 44ad...kindly suggest what should I do know??
Replies (3)
In reply to the department, you describe the nature of the activity in which he deals with and upload the tax computation sheet to support the fact that you have disclosed the amount as reflected in the 26AS. Also state there that the deductor has wrongly deducted the amounts under 194J.
In the mean time, convince the deductor and make them to deduct further u/s 194C.
ok thank you so much 😊
You are welcome.
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