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.
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