one of my client bussiness closed in 17-18 later in 18-19 f y he received interest with TDS of 1800000 and he paid interest of 1950000 now CA is saying that he would declare in 44ad as gross receipt with 6% taxation whether it is correct or not if not what is the correct procedure
No sir I don't mean to declare under other sources. You declare it as business profit under ITR3 alongwith complete BS and P&L Account. I hope this is your business activity
CAclubindia
