Please Help: computation of income
Posted Date : 19-Jun-2012 , 12:51:57 pm | Posted By: Sandeep Kaushik
Category :
Income Tax | Answers :
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hi,,
if my tds is deducted u/s 194 J for technical consultancy services then how to compute my income,, my gross receipt is Rs.134476 according my 26AS Form.
i want not show my income under business & Profeesion because my G.R is exceed Rs. 120000 and also not show under section 44AD because my margin is margin is between 50-60%
So, plz tell me other option for computation of my income. |
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Answers:
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 Answer by: Rishabh Upadhyay |
| since the TDS is deducted is as of a professional and also the income is actually on business and profession, the other way out is to file ITS and hope that Income tax department don't take your case under scrutiny.
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| Answer by: CA. SURESH Kr. AGARWAL |
| Dear Sandeep, take this part of Income under Business & Profession because the TDS has been deducted under 194J.
Don't give chance to the Department to take your case under scrutiny.
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| Answer by: Vikash Kumar Jha |
| Technical consultancy service shoud be covered under section 194j but if you can proved that you are employed this service as a salaried paid staff then there should not be any problem. If am not wrong .
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| Answer by: Vikash Kumar Jha |
| Technical consultancy service shoud be covered under section 194j but if you can proved that you are employed this service as a salaried paid staff then there should not be any problem. If am not wrong .
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