03 July 2008
Sir, I am an employee and doing part time accounts work in other organisation and get the amount through cheque. My question is : under which head i should treat this income under Income tax act.
what would be the difference if i was not working in company as an employee and my job is only accounts writing work.Then this income will be treated under which head. Please advise me
03 July 2008
IF THERE IS NO EMPLOYER EMPLOYEE RELATIONSHIP IT IS INCOME FROM PROFESSION:::::::::::::::::::
Illustrative activities which constitute ‘profession’ - The word ‘profession’ now has a broader and more comprehensive meaning that formerly accorded to it, and its signification now extends far beyond the well-known classical professions of earlier days as the applications of science and learning are extended to other departments of affairs, other vocations, etc. The various other activities which have also now come to be termed as profession are enumerated in Corpus Juris Secundum (Vol. 72, p. 1219). These include, accountants, architects, chemists, editors, engineers, etc. The above enumeration is followed by list of persons who have been held not to be engaged in the practice of a profession. This list includes beauty culturists, brokers, insurance agents, undertakers and embalmers and various others. ‘Profession’ has to be distinguished even from ‘occupation’ which tantamounts to ‘business’, viz., an occupation which substantially the arrangement for sale of commodities - CIT v. Lallubhai Nagardas & Sons [1993] 204 ITR 93 (Bom
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