Regarding Tax Planning.
This query is : Resolved
CA.Yogesh Patel
(Querist)
18 August 2010
Hi,
One of my client who is a doctor is working in hospital (fulltime), but the hospital deduct their TDS u/s 194J(For Professional),then while filling the return how should I make planning so that we can take optimum benefit of the exemption.
Can anybody plz guide me.
Thanking you,
One of my client who is a doctor is working in hospital (fulltime), but the hospital deduct their TDS u/s 194J(For Professional),then while filling the return how should I make planning so that we can take optimum benefit of the exemption.
Can anybody plz guide me.
Thanking you,
CMA Ramesh Krishnan
(Expert)
18 August 2010
if you are income tax liability is less based on that you can apply for TDS exemption or lower rate certificate
Aditya Maheshwari
(Expert)
18 August 2010
You can take exemption by investing in modes specified u/s 80C here
https://www.caclubindia.com/forum/all-about-deduction-under-section-80c-and-tax-planning-99991.asp
YOu can show conveyance expenses, claim depreciation on any assets used like motor car for travelling and other sundry expenses to minimize ur income and save maximum tax.
https://www.caclubindia.com/forum/all-about-deduction-under-section-80c-and-tax-planning-99991.asp
YOu can show conveyance expenses, claim depreciation on any assets used like motor car for travelling and other sundry expenses to minimize ur income and save maximum tax.
18 August 2010
The above view is seen generally followed by 194J certifcate holders.
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