44ad
This query is : Resolved
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??
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??
25 December 2017
194J TDS applicable for such service. 44AD benefit can't be claimed check 44ADA benefit can be claimed.
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