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Please advise:
Can 'Freelance consultant' be considered ' Self employed'? Is 'honorarium' taxable?
Thanks.
Yes. Honorarium is taxable u/s 194J. TDS to be deducted @ 10%. Threhold limit for Section 194J is Rs. 30000 for single bill and Rs. 75000 for aggregate bill for the year.
Regards,
Devendra Kulkarni
IT WILL BE TAXABLE AS IT FALLS WITHIN THE DEFINITON OF INCOME U/S 2(24).
TDS WILL BE DEDUCTED FOR PROVIDING PROF SERVICES U/S 194J.
yes honorarium is taxable
Yes. Honorarium is taxable ...
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