03 June 2023
i want to know that can i show my such income under section 44ADA ? If no under which head my income will be taxed? i am a freelancer i am currently working for a company to train their AI (artificial inteligence) i received payment of ₹800000 during the year 2022-23 The company gives me payment after deducting tds U/s 192 (salary) But i am paying salary of ₹300000 & rent of ₹60000 per year to earn above income. effectively i am earning ₹440000 for the year.
04 June 2023
TDS deducted under section 192, hence you can't show this income under section 44ADA. Next year ask them to deduct TDS under section 194J.
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