ITR FOR CAR GIVEN TO COMPANY

10 July 2019

i have a car and given it to company and company. and company make payment to me 1000000 per year . which itr can i file

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8 Replies

Bhavesh Gadhvi (Manager) (308 Points)
Replied 10 July 2019

ITR 3

2 Like

Ankit kumar (245 Points)
Replied 10 July 2019

i want to file itr 4 because he deduct TDS u/s 194c

Bhavesh Gadhvi (Manager) (308 Points)
Replied 10 July 2019

Its not eligible business for sec. 44AD.

3 Like

Ankit kumar (245 Points)
Replied 10 July 2019

because this is travel agency

Bhavesh Gadhvi (Manager) (308 Points)
Replied 10 July 2019

Agency business (or agents) cannot opt for sec. 44AD or 44ADA

1 Like

Ankit kumar (245 Points)
Replied 10 July 2019

agent receive commission so why did he deduct TDS u/s 194c ... this is wrong

Bhavesh Gadhvi (Manager) (308 Points)
Replied 10 July 2019

No TDS is not wrong, but that does not attract sec, 44AD!!!

1 Like

Ankit kumar (245 Points)
Replied 10 July 2019

but sir he is not maintaining books of ACCOUNTS and receipts are more than 10 lakhs

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