Amount credited under 194c

Dear experts,

If individual received 750000 under 194C with Tds, which ITR to be filled and is all amount credited under 26AS should be income or can claim his office expenses from this amount ?

plz need explanation on this query.

Thanks.
Replies (6)
Quick Summary
This discussion addresses an individual who received ₹750,000 under Section 194C, with TDS deducted. The core questions are which Income Tax Return (ITR) form to file and whether the entire credited amount in 26AS counts as income, or if business expenses can be claimed. Experts suggest treating it as business income, declaring 8% of contract receipts, and recommend ITR-3 over ITR-4.

What are services offered under contract?

Show it as business income declaring 8% of contract receipts as income.
Which ITR to be filled ITR 3 OR ITR 4 ?
ITR-4
Not itr 4
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