My Friend is teacher earning Salary as well as income from coaching class. Tds on salary as well as profession is deducted, earlier return u/s 44ADA is filled. This year on IT website Code is fall in 44AD, now my question is whether income will be considered 8 % on turnover or considered at 50%.
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Computation u/s 44 ad of ada
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Under which section TDS is deducted?
If u/s. 192 & 194J.... Go for Sec. 44ADA.. with any suitable code.
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