How treat the fees received for delivering guest lectures
This query is : Resolved
28 July 2011
I am a lecturer working in a reputed college.
However i have also received some fees for delivering guest lectures in other colleges ...they have deducted TDS u/s 194J...
How should i treat this income...is it under the head Professional income or Other Sources
Would be of great help..
Thankyou
Chitra
However i have also received some fees for delivering guest lectures in other colleges ...they have deducted TDS u/s 194J...
How should i treat this income...is it under the head Professional income or Other Sources
Would be of great help..
Thankyou
Chitra
28 July 2011
If you are a "regular" Guest Lecturer in other colleges, show it as your professional income. Since TDS is being deducted under the head of Professional Income.
If you seldom go for delivering lectures to other colleges, show as IFOS.
If you seldom go for delivering lectures to other colleges, show as IFOS.
Message likes :
1 times
28 July 2011
thankyou for your timely guidance sir...
regards
chitra
regards
chitra
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
