44ad scheme
This query is : Resolved
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Vishal S Bhalerao
(Querist)
05 November 2020
Can we adopt 44ad if contract income received and tds deducted @ 1percent and can we file itr3
CA R SEETHARAMAN
(Expert)
05 November 2020
Yes, you can opt for 44AD and file ITR 4/3.
Vishal S Bhalerao
(Querist)
05 November 2020
What is contract income nature of business code and can we show profit @ 6 or 8 if payment received in next year
CA R SEETHARAMAN
(Expert)
05 November 2020
What is the nature of contract. Show turnover based on 26AS TDS deduction.
Vishal S Bhalerao
(Querist)
07 November 2020
Yes Section 194C labour income
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