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29 July 2010 my client is a officer of sbi and taking a salary of rs 5.00 lacs from sbi and on part time basis he is doing umpiring and earning extra income of rs. 2.50 lacs , tds is deducted for this umpiring income under section 194 j , my question is wheather to treat this income under ifos or b&p?
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srinath

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srinath (Expert)
29 July 2010 since he is a prof in his field he would be taxed under b&p...
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CA. Pradeep Nayak

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CA. Pradeep Nayak (Expert)
29 July 2010 Umpiring is a notified profession u/s 194J which requires expertise to perform such work. Also the income received is not small. Hence income received from umpiring services should be taxed under Business & Profession and not Other Sources.

Deduction of TDS u/s 194J is also correct.
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