One silly question - I am running business, providing car in hire basis in a govt office. I received TDS cerificate where TAX is deducted under 194C. Since the payment made by then is NOT teh actual Income. Is theer any fixed value or percentage defined by income tax rule that could be considerd as income from this business or I need to prepare profit loss statement?
Thanks and regards, Dibyendu
CAclubindia
