Itr3 or itr4

498 views
User Avatar

Kkk
1204 Points Posted on 12 August 2020
if a person having TDS deducted u/s 194C then what itr form to be filled. can he opt for 44ad presumptive taxation.
0 Reply Share Follow
On 12 August 2020 at 17:51 Report
Replies (18)
Quick Summary
This discussion clarifies which Income Tax Return (ITR) form to file when TDS is deducted under section 194C. It explores whether presumptive taxation under section 44AD is applicable for business income, specifically advertisement work contracts, with gross receipts around £19,00,000. While 44AD is generally possible if conditions are met, the consensus leans towards filing ITR3 under normal provisions due to the nature of the income and potential complexities, especially if insurance income was initially considered.

User Avatar

"Do the Right Thing...!!!"
128157 Points Posted on 12 August 2020
As per Your query Yes...



But, give more details for understanding the income source...
Reply
On 12 August 2020 at 18:10
User Avatar

Tax and Business Consultant
11616 Points Posted on 12 August 2020
Yes, Can opt for 44AD presumptive Taxation subject to turnover limit and fulfillment of other conditions prescribed u/s 44AD of Income tax Act.
Reply
On 12 August 2020 at 18:11
User Avatar

Kkk
1204 Points Posted on 12 August 2020
His gross receipt are 1900000 approx and tax is deducted Under 194c so as per conditions of 44ad he can file itr4
Reply
On 12 August 2020 at 18:14
User Avatar

Tax and Business Consultant
11616 Points Posted on 12 August 2020
Source of income.?
What is his/her business/Services provided..?
Reply
On 12 August 2020 at 18:20
User Avatar

Kkk
1204 Points Posted on 12 August 2020
Insurance
Reply
On 12 August 2020 at 18:21
User Avatar

"Do the Right Thing...!!!"
128157 Points Posted on 12 August 2020
Insurance income can't be compute under sec 44AD....
Reply
On 12 August 2020 at 18:22
User Avatar

Kkk
1204 Points Posted on 12 August 2020
Then in 44ada
Reply
On 12 August 2020 at 18:23
User Avatar

"Do the Right Thing...!!!"
128157 Points Posted on 12 August 2020
No...
only can be file through 44AA with normal provisions.
Reply
On 12 August 2020 at 18:26
User Avatar

Kkk
1204 Points Posted on 12 August 2020
Then itr3 is to be filled
Reply
On 12 August 2020 at 18:27
User Avatar

Tax and Business Consultant
11616 Points Posted on 12 August 2020
@ Mr. Raja ji
Sir, insurance income..TDS u/s 194C..
is it possible?
Reply
On 12 August 2020 at 18:28
User Avatar

"Do the Right Thing...!!!"
128157 Points Posted on 12 August 2020
May be Deductor can be wrong...
Reply
On 12 August 2020 at 18:30
User Avatar

Kkk
1204 Points Posted on 12 August 2020
Payer is Tata Aug and tds deducted us 194c but it's for work contract as they give advertisement work to individuals and deduct tax under 194c
Reply
On 12 August 2020 at 18:32
User Avatar

"Do the Right Thing...!!!"
128157 Points Posted on 12 August 2020
@ Mr Jyoti Narang.,

Don't be confuse and also confused to me/all...

ask Your question clearly...😓
Reply
On 12 August 2020 at 18:34
User Avatar

Kkk
1204 Points Posted on 12 August 2020
Sorry but it's work contract 194c
Reply
On 12 August 2020 at 18:38

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Bank balance in ITR-3
  2. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  3. Tempsens Instruments IPO GMP Allotment Listing dat
  4. Upload Type - Correction. Not showing in TDS filli
  5. Partnership tax audit query
  6. ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
  7. Form 146 foreign remittance us citizen
  8. GST 16(2) notice
  9. Which GSTR-1 upload error do you hit most often?
  10. Need advice regarding accounting fees

More recent discussions | Post

Related Topics :

Loading