For the first time, simultaneous broadband spectral and timing study of the atoll source 4U 1705-44 was performed using AstroSat Soft X-ray Telescope (SXT) and Large Area X-ray Proportional Counter (LAXPC) data (0.8-70 keV). Based on the HID, the source was in the soft banana state during these observations. Spectral modeling was performed using the full reflection framework and an inner disk radii of 14 Rg was obtained. A hard powerlaw tail was noticed in the soft state and hot component fluxes and varying powerlaw indices point towards a varying corona/sub-keplerian flow. Based on the spectral fits the boundary layer radius and magnetospheric radius were constrained to be $sim$ 14-18 km and $sim$ 9-19 km respectively. Cross- Correlation Function studies were performed between the 0.8-3 keV soft SXT lightcurve and 10-20 keV hard LAXPC lightcurve and correlated and anticorrelated lags were found, which was used to constrain the coronal height to 0.6-20 km (b{eta}=0.1). Since the inner disk radius is not varying during the observations, we conclude that the detected lags are possibly caused by a varying structure of corona/boundary layer in the inner region of the accretion disk. Based on the observations, a geometrical model is proposed for explaining the detected lags in the atoll source 4U 1705-44.
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