Casual Income
This query is : Resolved
Manish Murarka
(Querist)
16 April 2009
My Client received salary from contract basis, deduct T.D.S @ 10%. This type of income which head consider ?
16 April 2009
Hi
Please check the arrangements with company...It must be of Retainer ship basis. In that case the Income falls under Sec.194J - Professional Charges and accordingly the TDS is deducted @10% plus cess.
This income to be considered as Business Income for returns.
Please check the arrangements with company...It must be of Retainer ship basis. In that case the Income falls under Sec.194J - Professional Charges and accordingly the TDS is deducted @10% plus cess.
This income to be considered as Business Income for returns.
Manmohan ACA, CS
(Expert)
16 April 2009
THis shall be trated as business income or income from other sources(if it is on occasional basis).
TDS shall be deductd @ 10% u/s 194J
TDS shall be deductd @ 10% u/s 194J
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