Tds under section 194j

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 June 2015 One of my friends who has been retired and getting pension has started business as professional in designing and architecture and got commission after deducting 10%TDS under section 194J. He also employed some person on temporary basis and paid salary to them for completing the job. He has also incurred expenses for overseas trip for some other event against which he got some Income. He has no professional degree.

Now what type of Income Tax return he should file.

Whether he can deduct incurred expenses from Business Income.

Or can he simply show 8% profit of the Gross Commission earned?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 June 2015 commission income is not covered under 44AD. he can't use this section. please refer section 44AA for the accounting. Please file ITR-4.

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