44ad scheme

This query is : Resolved 

05 November 2020 Can we adopt 44ad if contract income received and tds deducted @ 1percent and can we file itr3

05 November 2020 Yes, you can opt for 44AD and file ITR 4/3.

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

05 November 2020 What is the nature of contract. Show turnover based on 26AS TDS deduction.

07 November 2020 Yes Section 194C labour income


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