banner_ad

Income for TDS deducted U/s 194C

This query is : Resolved 
Profile Image

Profile Image

(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
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
28 July 2024 1. PGBP
2. Yes
3. As per sub sec. 44AD IT act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details