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Query on 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 October 2015 Dear Experts

Mr. A is having income of Rs. 427758/- (TDS deducted @10% u/s 194J amounting Rs. 42,781/-).

Wants to declare his net income @ 8%*427758/- ie: 34220/-

So what will be his tax liability in such case? Please advise

09 October 2015 TDS deducted u/s 194J professional income for which 44ad not applicable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 October 2015 Sir
Mr. A is running an diagnostic centre only where he collects the samples and send it to company for further reporting for which he collects the fee from company after TDS-194J

Please confirm whether 44AD is still available?




09 October 2015 Such fees will not be covered under 44ad.

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 October 2015 Thank u sir

so he is required to file ITR4 only na?
but he has not maintained books of accounts so how to proceed further as he wants his TDS refund

Pls. explain if u can

09 October 2015 Yes he has to file ITR 4. If this the only income prepare accounts from form 16A details.

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 October 2015 Thank you so much sir for your valuable and prompt advise



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