02 June 2025
An individual receives two types of income from the same concern — salary and consultancy fees — and TDS is deducted under Section 192 and Section 194J respectively. under which head the income to disclose and whether sec 44AD is applicable to Consultancy income ?
03 June 2025
The turnover limit for section 44AD is Rs. 2 crores. It can be extended to Rs. 3 crores if 95% of the total receipts are through online modes. You can file ITR4 as suggested by Honorable member as above