Income under which head will be treated

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Anil Kumar Kedia (Querist)
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03 July 2008 Sir, I am an employee and doing part time accounts work in other organisation and get the amount through cheque. My question is : under which head i should treat this income under Income tax act.

what would be the difference if i was not working in company as an employee and my job is only accounts writing work.Then this income will be treated under which head. Please advise me

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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03 July 2008 In my opinion in frist case it would be taxable as Salary Income and in second case it would be Income from Other Source.

MANAS ROUT

MANAS ROUT (Expert)
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03 July 2008 INCOME FROM OTHER SOURCES.IF THEIR IS NO EMPLOYER AND EMPLOYEE RELATION SHIP.

Late CA Sampat Jain

Late CA Sampat Jain (Expert)
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03 July 2008 IF THERE IS NO EMPLOYER EMPLOYEE RELATIONSHIP IT IS INCOME FROM PROFESSION:::::::::::::::::::

Illustrative activities which constitute ‘profession’ - The word ‘profession’ now has a broader and more comprehensive meaning that formerly accorded to it, and its signification now extends far beyond the well-known classical professions of earlier days as the applications of science and learning are extended to other departments of affairs, other vocations, etc. The various other activities which have also now come to be termed as profession are enumerated in Corpus Juris Secundum (Vol. 72, p. 1219). These include, accountants, architects, chemists, editors, engineers, etc. The above enumeration is followed by list of persons who have been held not to be engaged in the practice of a profession. This list includes beauty culturists, brokers, insurance agents, undertakers and embalmers and various others. ‘Profession’ has to be distinguished even from ‘occupation’ which tantamounts to ‘business’, viz., an occupation which substantially the arrangement for sale of commodities - CIT v. Lallubhai Nagardas & Sons [1993] 204 ITR 93 (Bom

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