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TDS deducted under section 194JB

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Prabaha Roy

0 Points Posted on 16 December 2021

I am employed as a custom support associate in a private limited company and as per contract I am a consultant with the company. TDS has been deducted at the rate of 10% under section 194 JB. Kindly tell me whether I am eligible for PTS under section 44 ADA. Also I have salary from my previous employer during the same AY.

Which itr should I file? ITR 3 or 4? And which business code for professional should I put?

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Quick Summary

A consultant engaged by a private limited company has had TDS deducted at 10% under Section 194JB. They are seeking clarification on eligibility for Presumptive Tax under Section 44ADA, especially given they also received salary income from a previous employer in the same financial year. The core question is whether to file ITR 3 or ITR 4, and what business code to use for professional services.