CAR HIRE CHARGES FOR PASSENGERS

CAR HIRE CHARGES FOR PASSENGER'S THIS INCOME IT IS TAKEN IN U/S 44AD. AND WHICH BUSINESS CODE
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Quick Summary
This discussion clarifies the tax treatment of car hire charges, specifically for income falling under Section 44AD. It addresses which business code to select and explains the relevance of Tax Deducted at Source (TDS) under Section 194H, particularly when it has not been deducted.

Unless TDS u/s. 194H deducted, choose '11001'

Why 194H

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