For one of my friend Form 26AS is showing income of rs.96000/- under sec 194R and 10% tds is deducted. He is working in a AC's service centre. Kindly let me know under which head this income is to be shown. Also which ITR he has to file. is it comes under 44AD. Please clarify.
As long as the benefits or perquisites are received in the course of an eligible business and not as professional fees or in a capacity as an employee, such income can be shown under section 44AD, subject to turnover limits and exclusion of non-business receipts.
Is he is working as employee?
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