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Taxability of honorarium


DEAR ALL,

PLZ HELP ME OUT IN THIS

CAN HONORARIUM BE TAXED UNDER THE HEAD PGBP? 

A PERSON WHO IS A DIRECTOR IN A CO. RECEIVES HONORARIUM FROM THAT CO.,UNDER WHICH HEAD THIS WOULD BE TAXED?

 
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Chartered Accountant


Hi , I am of the opinion the honorarium should be prima facie taxable under the head income from other sources , but further depends upon the conditions , say , if directors is in whole time employment of the company , then it can be made taxable under the head salary , because it must have received due to professional services received . If not in employment than it can be made taxable under the head bussiness and profession , if honorarium is received for his professional services rendered and if not for his professional services than income from other sources . 

 
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Dear frnds,

If honorarium received as scientist/professional, under which head it would be taxed..??

plz explain ..

 
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