sandeep garg (Article Assistent) (24 Points)
26 July 2008if an assessee file return U/S 44AE than in that case is he can claim the TDS deducted by the party of the assesse
reply me fast
CA Hemant T Dewani
(Chartered Accountant)
(3356 Points)
Replied 26 July 2008
yes you will claim tds on after deducting the tax amount
Prem Kumar
(Articled student--Final)
(375 Points)
Replied 26 July 2008
Yes whether the assessee comes under 44AE then he claim the tds deducted by the another party further he can also claim Deductions under chapter VI But he cannot claim deductions under sections 30 to 38 it is deemed to have been allowed and hence no further deduction is allowed
if the assessee claims that his profit is less then profit u/s 44AE then he has to maintain books of accounts and get tax audit done u/s 44AB
ok cool.........
CA Ravish Trivedi
(The Possibilities are Infinite...)
(772 Points)
Replied 13 September 2008
Yes he can claim TDS and take refund if tax iability is lower than the tax due.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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