Tds
This query is : Resolved
22 February 2012
Dear Fellow Brothers,
I have some doubt on tds issues.Request to clarify.The Facts are as under:
1)A Pilot who is working on contract basis. i.e. not on roll of any air lines, charges the entity on the basis of flight hours basis or monthly contract basis irrespective of flight hours.The entity who engages him deduct tds @10@ u/s 194j, is it correct?
2)is Pilot a specified profession?
3) whether tds should be deducted u/s192c @ 2%?
4) If gross receipt is less than 60 lacs, can he go for 44AD?
Any reference to citation will be more helpful.
Thanks.
I have some doubt on tds issues.Request to clarify.The Facts are as under:
1)A Pilot who is working on contract basis. i.e. not on roll of any air lines, charges the entity on the basis of flight hours basis or monthly contract basis irrespective of flight hours.The entity who engages him deduct tds @10@ u/s 194j, is it correct?
2)is Pilot a specified profession?
3) whether tds should be deducted u/s192c @ 2%?
4) If gross receipt is less than 60 lacs, can he go for 44AD?
Any reference to citation will be more helpful.
Thanks.
22 February 2012
So far my views concerned, the deduction made by the company u/s 194J is correct. Since the profession involves occupation requiring purely intellectual or manual skill as held by Supreme Court in the case of CIT v. Manmohan Das (1966) 59 ITR 699.
Since the occupation of pilot is a skill which requires the above...
4) yes he can go for presumptive basis of income.
Since the occupation of pilot is a skill which requires the above...
4) yes he can go for presumptive basis of income.
22 February 2012
So far my views concerned, the deduction made by the company u/s 194J is correct. Since the profession involves occupation requiring purely intellectual or manual skill as held by Supreme Court in the case of CIT v. Manmohan Das (1966) 59 ITR 699.
Since the occupation of pilot is a skill which requires the above...
4) yes he can go for presumptive basis of income.
Since the occupation of pilot is a skill which requires the above...
4) yes he can go for presumptive basis of income.
22 February 2012
So far my views concerned, the deduction made by the company u/s 194J is correct. Since the profession involves occupation requiring purely intellectual or manual skill as held by Supreme Court in the case of CIT v. Manmohan Das (1966) 59 ITR 699.
Since the occupation of pilot is a skill which requires the above...
4) yes he can go for presumptive basis of income.
Since the occupation of pilot is a skill which requires the above...
4) yes he can go for presumptive basis of income.
22 February 2012
So far my views concerned, the deduction made by the company u/s 194J is correct. Since the profession involves occupation requiring purely intellectual or manual skill as held by Supreme Court in the case of CIT v. Manmohan Das (1966) 59 ITR 699.
Since the occupation of pilot is a skill which requires the above...
4) yes he can go for presumptive basis of income.
Since the occupation of pilot is a skill which requires the above...
4) yes he can go for presumptive basis of income.
22 February 2012
So far my views concerned, the deduction made by the company u/s 194J is correct. Since the profession involves occupation requiring purely intellectual or manual skill as held by Supreme Court in the case of CIT v. Manmohan Das (1966) 59 ITR 699.
Since the occupation of pilot is a skill which requires the above...
4) yes he can go for presumptive basis of income.
Since the occupation of pilot is a skill which requires the above...
4) yes he can go for presumptive basis of income.
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
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- Annual return in Gst
- When TDS on GST applied
- 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
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
