Tds deducted by mistake u/s 194j and tax pay as per 44ad
This query is : Resolved
Kanika Agarwal
(Querist)
01 January 2019
An assessee is doing work on contract basis but by mistake deductor deduct TDS u/s 194J and while filing ITR assessee apply 44AD instead of 44ADA and pay tax as per 8% as he work on contract basis . Department raise demand for the same . What to do
CA R SEETHARAMAN
(Expert)
01 January 2019
Ask the deductor to revise TDS return.
Else revise ITR under section 44ADA.
Else revise ITR under section 44ADA.
Kanika Agarwal
(Querist)
03 January 2019
Sir TDS is deducted by 10-15 deductor , so it is not possible by assessee to do so and also dont want to give tax as per 44ADA as its 50%
Any other option
Any other option
CA R SEETHARAMAN
(Expert)
03 January 2019
Opt for tax audit if you want to declare less than 50% profit.
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