Itr-4s (44ad) v/s tds deducted u/s 194j

Abdul Hameed (10 Points)

29 June 2018  

THE ASSESSEE IS A MONEY COLLECTOR WORKED WITH A BANK. TDS HAS BEEN DEDUCTED BY THE BANK U/S 194J ON THE COMMISSION PAID TO HIM.

Q1: CAN WE TREAT THE ASSESSEE AS A PROFESSIONAL?

Q2: IF YES, WHICH CODE IS APPLICABLE UNDER "NATURE OF BUSINESS"?

Q3: CAN I FILE HIS ITR ON PRESUMPTIVE BASIS?