A propritership firm having a contract with Trust for supply the printing meterial.Firm is charging vat on bills and trust has deducted the tds on payment amount under section 194C.I am confused that income of firm is other income or it is sale income.For the purpose of filling of return can we show the income as sale under section 44AD.
Query
Replies (1)
It is sale income of propritership firm and for the purpose of filling of return firm can show the income as sale under section 44AD.
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