Deductor has deducted Tds u/s 194JB for professional services , which is reflected in AIS as business receipts .
Can this receipt of income be shown under the head IFOS ?
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Head of income for TDS u/s 194JB
Replies (2)
You cannot show under other sources . 44ADA can be tried . ( 50 L or 75 L as applicable )
Not advisable.. It can be declared u/s. 44ADA IT act, without books of accounts.
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