Itr

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 January 2012 Hello All

Under which head of income , professional fees paid to director/any person will lie.

14 January 2012 Income from Business & Profession.

14 January 2012 Under the Head...
Profits and gains of Business or Profession.
Appropriate return form: ITR 4

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 January 2012 thanx experts

Please also help me in the following case:
a person has received professional receipts of rs 800000 during the year. can he also claim expenses against the said income for calculating income under the head business or profession.

14 January 2012 Yes he can claim the actual expenditure incurred for getting the income.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 January 2012 thanx for your advice


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