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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 May 2016 Dear Sir,
We have received amount of RS. 8 lacs from a sugar mill for running our tractor in mill plant. Thereon they have deducted tds @ 2%, however mill person has deducted this amount u/s 194IA as reflecting in our 26AS.
Suppose We file our return u/s 44AD, then, whether the above mentioned tds section would cause any problem for us or not ?
What is your suggestion about our matter.
Please advise me.

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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28 May 2016 You should file the Return by showing right source of income, tax credit will be available to you. TDS return filed wrongly that is not your fault. 194IA TDS on sale of Immovable property and rate of TDS is 1%.

Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615

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