I.T. Return
This query is : Resolved
20 July 2009
Dear experts
Prior to joining articleship, I was showing salary in my return which I was getting from the factory of a relative.
Now I'm confused what should I show in my return as my training is going on.
Can I show stipend? Whether stipend is exempt?
OR
Can I show a fee from consultany given on sundays only??
OR
Can return having NIL income be filed?
Please guide in this regard
Thanks
Prior to joining articleship, I was showing salary in my return which I was getting from the factory of a relative.
Now I'm confused what should I show in my return as my training is going on.
Can I show stipend? Whether stipend is exempt?
OR
Can I show a fee from consultany given on sundays only??
OR
Can return having NIL income be filed?
Please guide in this regard
Thanks
20 July 2009
You need to show Stipend income only.
And incase the stipend income is below the taxable income, then in this case you can file the NIL return.
I reckon that the NIL return be filed.
And incase the stipend income is below the taxable income, then in this case you can file the NIL return.
I reckon that the NIL return be filed.
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