Income tax
This query is : Resolved
15 May 2012
Assessee doing services on behalf of Bank & receiving fees/charges with TDS u/s 194J whether such assessee can opt for sec 44AD for F.Y. 2011-12.
15 May 2012
Since TDS has been deducted u/s 914J (professional income), the assessee CANNOT avail benefit of Section 44AD as Section 44AD DOES NOT APPLY to professionals.
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