A PERSON DOING PAWN BROKING HE REPLEDGE WITH BANK AND CASH WITHDRAWAL AROUND 40 LAKHS,FOR THIS A TDS AMOUNT RS.40000/- CAN I DECLARE 4000000/- AS GROSS RECEIPTS U/S.44AD @ 8% PROFIT?
MURALIDOSS (INCOME TAX PRACTITIONER) (1302 Points)
22 July 2023A PERSON DOING PAWN BROKING HE REPLEDGE WITH BANK AND CASH WITHDRAWAL AROUND 40 LAKHS,FOR THIS A TDS AMOUNT RS.40000/- CAN I DECLARE 4000000/- AS GROSS RECEIPTS U/S.44AD @ 8% PROFIT?
MURALIDOSS
(INCOME TAX PRACTITIONER)
(1302 Points)
Replied 23 July 2023
sir ,
New case actually bank deduct tds for 2 years and declare tds in current year only (f.y 22-23).He asking two years refund but tds still not nreflct in 21-22 26AS.
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