Incoem tax return

This query is : Resolved

vikas (Querist)
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23 January 2010 To all CAs
Sirs,
Last 5/6 Years I doing Accounts Writing on Part Time or Contract basis.

Now i am planning to file Return. My query is What source of income I have to show?
for e.g. Consulting Charges or Professional fees.to avoid service tax problem.& which ITR should i File

Please give me Good Advice for future to do the work professional ways and setup my own office.
Thanking you in advance.
Vikas.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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23 January 2010 You can show income received as professional fees. Also as in that you can show expenses incurred such as rent, etc. and the same will be allowable as a deduction.

Also service tax is leviable on receipts of Rs. 10 lacs. So if the same crosses above 10 lacs then service tax will be leviable. No escaping that

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