ajit agrawal (student) (82 Points)
12 September 2021
veerendar singh
(tax consultant)
(3301 Points)
Replied 12 September 2021
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 12 September 2021
Yes u may apply for 44ADA while computing tax for ur salary as per regular methods.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 12 September 2021
Ur total income in that case would only be upto 603750 . So you can end up 0 tax if u had a properly planned ur saving for tax purpose. ... Otherwise u will end up paying good sum as interest.
ajit agrawal
(student)
(82 Points)
Replied 12 September 2021
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 12 September 2021
| Originally posted by : ajit agrawal | ||
 |
I was asking about applicability of 44ADA on amount received from employer on which tds has been deducted u/s- 194JB |  |
Employee would have deducted tax @ 7.5 or 10% u/s 194JB.
Deductor can only consider ur other income for the purpose of salary computation
You can claim refund of the samewhile filing itr
CAclubindia
