EXPENDITURE AGST. TDS U/S 194JB


This query is : Resolved 

Quick Summary
A client working for an IT company received Rs 3,50,000 for moonlighting work, with TDS deducted under Section 194JB. The question is whether expenses can be claimed against this income. The advice given is yes, expenses can be claimed, or alternatively, the income can be declared under Section 44ADA of the IT Act, which is a presumptive taxation scheme.

25 July 2025 My client is a salaried employee of an IT company in Bangalore.
He did some moonlighting work for another company and received payment of Rs 3,50,000 during the FY 2024-25. They deducted TDS u/s 194JB. Can I claim some Expenditure against this income ?

25 July 2025 Yes.
Otherwise you can declare the income u/s. 44ADA IT act.

26 July 2025 Thank you vary much.. Sir..!!!

26 July 2025 You are welcome.

25 September 2025 Good luck...


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