Taxation under Section 44AD for TDS
This query is : Resolved
12 March 2024
My company has opted U/s. 44AD & net turnover for the year is ₹10Lakhs in which payment rec'd via bank channel (Online & Cheque) is ₹6.5Lakhs + Cash - ₹1Lakh + TDS - ₹20K + Bad Debts - ₹13K & Outstanding is ₹2.17Lakhs.
Please guide in which tax slab (6% / 8%) I have to put TDS, Bad Debts & Outstanding amount.
Please guide in which tax slab (6% / 8%) I have to put TDS, Bad Debts & Outstanding amount.
13 March 2024
6% For receipt through banking mode. 8% for cash receipts.
13 March 2024
& what about part payment rec'd in bank & balance in TDS ?
13 March 2024
That's also a digital mode receipt of amount and balance is TDS. It's not cash transactions.
16 August 2025
Please note that opting for the presumptive scheme under Section 44AD does not exempt one from TDS obligations. If you are required to deduct tax under any TDS provisions (such as salary, contractor payments, rent, etc.), you must continue to do so—even under the presumptive regime.
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