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.
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INCOME U/S 194R
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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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