Naveen (CA_STUDENT) (164 Points)
19 June 2017Hi all,
My client has Salary Income of 12 Lakhs (TDS u/s 192)
194C Income-15000 (TDS 300)
194J-Consultation Services- 60,000 (TDS 6,000)
My Question here is if i file ITR 4, can i show 194C income as 8% and 194J Income as 50% (Is it possible to Consider both the Benefits/Provisons in a single Year)
Thanks in Advance.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177736 Points)
Replied 20 June 2017
How the TDS u/s 194C is been deducted when basic limit is 30,000/ ?
Secondly, it is deducted @ 2%, which means the assessee is other than individual/HUF............. which cannot declare income under section 44AD !!
Even if the asessee be individual, but the return will be declared defective, if income declared 8%........
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 20 June 2017
You said salary income 12 Lakh i.e its an individual assessee....
TDS U/s 194c deductable on individual @ 1% on 15,000/- i.e. Rs. 150/- I think deductor wrongly deducted @ 2%....
CAclubindia
