My client is engaged in the business of running driving school. He is providing the service of taking driving classes to College and the college is deducting TDS @ 10% u/s-94j and not under U/s 94C. Wthether he is eligible to file IT returns u/s-44AD and show the deemed profit @ 8% on gross receipts ?
Menu
Presumptive taxation
Replies (1)
Yes. but he may get notice ubder section 143 to which proper reply will have to be furnished
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
