Dear Sirs
For the last 20 years, I have been teaching as a Visiting Faculty for Finance. Colleges have deducted 10 %TDS under Section 194 JB.
I was not aware that I could claim 50% as presumptive expenditure out of my total income. I have shown 100% Income, as taxable income and have paid tax for the last 20 years. In fact, I have incurred a lot of expenditure, as Taxi Fare, and Driver and Petrol charges, whenever I have traveled in my own Car. Incurred other expenditure also for reading material, internet charges etc. Is there any provision, under Income Tax rules, to make a special appeal to claim a refund for the last 10 years at least, as the mistake is genuine, and excess tax paid on 50% on professional income earned as a Visiting Faculty? I can not understand How the I T Returns were assessed, when TDS was shown under Sec.194 JB and my Income was taken 100%, without claiming eligible deduction. I will be grateful for the guidance to prepare an appeal to the I T Department. yours sincerely. G V Subba Rao. Visiting Professor. 9326189241, raobob07 @ gmailo.com. Pune.
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