Consultancy charge

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DHIRAJ (Querist)
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12 April 2015 suppose I as a civil engineer receive consultancy charges of rs900000 incl tds-90000 from a company.I incur rs600000 expenditure by paying salary to staff,conveyance relating to above consultancy. How much income I will show in my it return and under which head.Pl also help me that is there any scope of showing some percentage of my consultant ancy as an income without maintaining any books of account and also my above income attracts service tax

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 April 2015 Dhiraj,

you should be able to claim actual expenses against the above income. However, you will have to maintain books of accounts irrespective of level of income or turnover.

To ensure proper filing, take services from a professional accountant.

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