LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Query on treating honorarium

Venu P (None) (24 Points)

01 March 2015

1. What is the most appropriate disclosure of Honorarium while filling the Income Tax Return ? i.e. whether 'Income from other sources' or 'Professional Income'?

2. Can the expenses incurred while extending the honorarium,viz., travel, boarding and lodging, be deducted and net amount is offerred for income tax?

3. What is the appropriate ITR form if the assessee is having income from salary, interest and professional income in a particular assessement year?

Regards and thanks in advance.

Reply
Follow
Share

1 Replies

Sanket (!..Live to Give..!) (16427 Points)
Replied 01 March 2015

Honorarium is the part of salary for income tax purpose in India. Honorarium is the part of salary for income tax purpose in India

Honorarium to Professional’s

On other hand honorarium is not for any services rendered on request and authorization to do work or as per agreement- the work as well as honorarium both are voluntarily. An author submit article without any obligation, the same may be published or not. The publisher may or may not pay honorarium even after publication of article. The honorarium is not mutually decided. It is paid as an honor or regard and not as consideration for service or goods, provided voluntarily. Therefore, honorarium e.g. to author of articles, is not in nature of porfessional or technical fees to which provisions of S. 194J apply.