ITR form for Section 194IA
This query is : Resolved
23 August 2020
TDS has been deducted u/s 194IA by Pvt company for using car and car is in the name of assesee. And Pvt company is paying to assesee monthly. So, which ITR form to be filed for A.Y. 2019-20 for assesee??
24 August 2020
Assessee is earning business income as he is in the business of renting cars.
ITR Form 3 will be applicable but if assessee wants to declare income on presumptive basis then he has to file ITR 4.
And the company is deducting tax under the wrong section. Tax should be deducted u/s 194C.
ITR Form 3 will be applicable but if assessee wants to declare income on presumptive basis then he has to file ITR 4.
And the company is deducting tax under the wrong section. Tax should be deducted u/s 194C.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Payment to foreign customer
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Two seprate Invoice needed
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
