TDS of a client has been deducted on Rs 75 lakh under section 194C and TDS has been deducted on Rs 15 lakh income under section 194JB. Can we show both income and file ITR-3 and show income of Rs 75 lakh under section 44AD and 15lac income in 44ADA?
TDS of a client has been deducted on Rs 75 lakh under section 194C and TDS has been deducted on Rs 15 lakh income under section 194JB. Can we show both income and file ITR-3 and show income of Rs 75 lakh under section 44AD and 15lac income in 44ADA?
You can file both sections in the same ITR-3 if you have both business & professional income. TDS u/s 194C matches business, TDS u/s 194J matches profession, so this split is logical.You are eligible for both schemes.
Your business turnover ≤ ₹2 Cr (or ₹3 Cr with <5% cash receipts) and professional receipts ≤ ₹50 lakh.You are not maintaining books under normal provisions.
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