Clarification for showing of salary & professional income

This query is : Resolved

rb (Querist)
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08 May 2015 Dear Sirs,

Please find below the my friend work details & earning for the year 2014-15

1) April 2014 to June 2014 - Worked as an Employee in a Pvt Co. as Dy Accounts Manager - Total Income Rs.3.50 Lacs including final settlement & compensation

2) July 2014 to March 2015 - Worked as Contractor for Professional in the above Pvt co. & deducted TDS Rs.27000 for 9 months on Rs.2.70 Lacs

3) Interest on FD Rs.12 thousand - is it liable to pay tax?

My Clarification:
1) How to show the above mentioned income in Income tax Return under which Head of Income
2) Can we claim the refund fully
3) what are expenses claim for Professional income & how to show the net income, what are documents required for claim of the same

Please guide me for the above clarifications & suggest at the earliest.

Regards
Balu

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 May 2015 1. Show salary income under salary head.
2. Show professional income under profit from bushiness and profession.
3. If you own a car/conveyance that expenses can be deducted from professional income or expenses incurred in hiring one.

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