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 ?
1 Replies
HEMANTH RANKA
(Tax & Financial Consultants)
(360 Points)
Replied 02 August 2018
Yes. but he may get notice ubder section 143 to which proper reply will have to be furnished
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