Income tax
This query is : Resolved
28 February 2013
Where to show Pandit's Income and under which section?
02 March 2013
If the person is getting a fixed income from a temple, it would be taxed under the head Income from salary. Any other income earned by him in the capacity of Pundit of a temple, it should be taxed under Income from other sources.
If he is performing Pooja etc as a freelancer, it should be taxed under the head Income from business or profession. As they have gained professional knowledge to execute these task.
If the person is getting a fixed income from a temple, it would be taxed under the head Income from salary. Any other income earned by him in the capacity of Pundit of a temple, it should be taxed under Income from other sources.
If he is performing Pooja etc as a freelancer, it should be taxed under the head Income from business or profession. As they have gained professional knowledge to execute these task.
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Specified Profession
- Last year TDS Claim
- TDS related Query_Liquidated Damages
- STCG FOR GOLD ETFs
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
