Income from guest lectures

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ajay (Querist)
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03 March 2014 hi, an employee of a educational institution receives fees for guest lectures from other institutes. is this income from guest lectures is taxable in business income or under the head other sources and also are there any allowable expenditures from this additional incomoe

please reply urgently

Nikhil Kaushik

Nikhil Kaushik (Expert)
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03 March 2014 it shall depend on the intent. if the frequency of the lectures suggest that the individual is in profession of giving lectures, then it should be parked in business income.

However, if the lectures are infrequent, it can be parked in other incomes.

in both the cases, expenditures incurred for the same can be claimed such as traveling, boarding and lodging, telephone/communication expenses, printing and stationery etc.

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