Profession & business
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 August 2013
Hi;
I M working ABC co ltd.
My Employer Deduct the TDS under 194J(Professional or Commission Fees)Total amt of TDS for A/Y 2013-14 Rs.1,00,165.
& 2nd thing is that My Empolyr open a Company BA co ltd on my Name & TDS cut on this COMPANYS is REflected on my 26AS ie Rs.1,74,500
Now my question is that
1) IS It come under Audit?
2) How to file Return?
I M working ABC co ltd.
My Employer Deduct the TDS under 194J(Professional or Commission Fees)Total amt of TDS for A/Y 2013-14 Rs.1,00,165.
& 2nd thing is that My Empolyr open a Company BA co ltd on my Name & TDS cut on this COMPANYS is REflected on my 26AS ie Rs.1,74,500
Now my question is that
1) IS It come under Audit?
2) How to file Return?
24 August 2013
incase professional receipts paid by your employer to you exceeds Rs.25 lakhs then audit u/s.44AB will apply
Need to file the return ITR-4 as professional income
Need to file the return ITR-4 as professional income
12 August 2020
Along with the professional service , also check what is the sales of the BA Co Ltd. So even if your professional receipts are less than 25 lakhs, the sales of business might cross threshold limit for audit.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- 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
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
