My friend earning income from salary (Rs. 6,00,000 under 192 after decutions) as well as professional income (Rs.4704 under 194J). Choosen ITR-4 for filling IT returns and declared professional income under 44ADA section with 50% presumptive income. However, tax is calculated as per tax slabs. For 194J, tax is 10% of total income. Which method is correct for tax calculation as per tax slab or 10% of total professional income. Could you please provide your help on this. We need to file ITR return for AY 2018-2019 (FY 2017-2018).
And Rs.471 dedcuted as TDS and provided Form-16A from deductor for professional income.
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