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Income for TDS deducted U/s 194C

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(Querist)
28 July 2024 The assessee owns 2 cars and give to Companies on a contract basis and whatever payment he receives the TDS is deducted U/s 194C.
Question
1- The income will be shown under which head.
2- Can we file it under 44AD.
3- If yes, what is the minimum percentage of profit which must be shown. (As renting cars doesn't have must expenses to maintain)
Thanks in anti cipation
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 July 2024 1. PGBP
2. Yes
3. As per sub sec. 44AD IT act.
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