TDS DEDUCTED U/S 194 R

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This discussion addresses a query regarding TDS deduction under Section 194R. The user's client received Rs. 1,03,090, with 10% TDS deducted. The core question is whether this receipt should be declared as business income (under PGBP) or income from other sources. The consensus is to report it as business income.

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(Querist)
28 July 2023 DEAR SIR

TDS DEDUCTED U/S 194R DECLARED INCOME FROM OTHER SOURCES OR BUSINESS INCOME. ONE OF MY CLIENT RECEIVED NEARLY RS. 1,030,90/- AND THE COMPANY DEDUCTED @ 10% TDS SHOULD I REPORT BUSINESS RECEIPT OR INCOME FROM OTHER SOURCES


REGARDS
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 July 2023 Generally, u/h PGBP. i.e. business income
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raghavendra b

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raghavendra b (Querist)
28 July 2023 THANK YOU SIR

REGARDS
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
28 July 2023 You are welcome.
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