25 December 2017
Mr.X works for a Y company which gets contracts from electric department ..The job of mr.x is to prepare the budget and all material costs which helps Y to get contract to them.. He gets money once project allotted to Y..TDS deducting u/s 194c...Is it correct from the side of Y to deduct u/s 194c? Mr.X doesnot have any expenses for earning that income but he claims 44AD benefit ?? is this correct?? so is contract jobs are misusing 44ad in real life??
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