Income tax
This query is : Resolved
20 July 2013
if income from pandtai or donation pl tell us the head of income tax and itr form
20 July 2013
"Panditai" is a vocation.
.
Profession includes vocation. Section 2(36).
.
So Panditai is a profession.
.
As per Section 28(iv) donation is a perquisite and covered under professional income.
.
Hence ITR-4 is applicable.
.
Profession includes vocation. Section 2(36).
.
So Panditai is a profession.
.
As per Section 28(iv) donation is a perquisite and covered under professional income.
.
Hence ITR-4 is applicable.
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
- ITR-Capital Gain
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- DUE DATE FOR ITR FILING
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Sale of Mutual Funds In Diffirent Financial Years
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Gst reverse charge mechanism to be claimed in the month of payment
- Itr processing refund
- U/S 194 T
- TDS refund Indemnity Bond
- ITC BENEFIT ON BROKRAGE PAID
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
