Filing returns for contract employee in a company
This query is : Resolved
10 July 2019
Hi
One of my friend is paid as a consultant and not a regular employee. He is being paid after deduction of TDS. every month. Under which section he has to show the income, under Sec 44AD or Sec 44ADA? Is Tax Audit is required? He is not maintaining any account. The payment is getting credited every month in his bank account which is the only source of Income.
One of my friend is paid as a consultant and not a regular employee. He is being paid after deduction of TDS. every month. Under which section he has to show the income, under Sec 44AD or Sec 44ADA? Is Tax Audit is required? He is not maintaining any account. The payment is getting credited every month in his bank account which is the only source of Income.
10 July 2019
INCOME SHOW UNDER SEC 44 AD,
IF THE RECEIPT IS MORE THEN 2 CR, THEN HE REQUIRE TAX AUDIT.
IF THE RECEIPT IS MORE THEN 2 CR, THEN HE REQUIRE TAX AUDIT.
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