Other sources or profession?
This query is : Resolved
27 July 2011
Hi Experts,
If a person has income from adhoc audit assignments for which the payer has deducted TDS @10% under 194J, is it necessary to treat it as profession or we can treat it as income from other sources and file the return accordingly?
If a person has income from adhoc audit assignments for which the payer has deducted TDS @10% under 194J, is it necessary to treat it as profession or we can treat it as income from other sources and file the return accordingly?
27 July 2011
It is not advisable.
*
In case the refund is required on adhoc basis, he must show his income in correct head.
*
It will create a big question mark on the credibility of the professional who audits
on adhoc (????) basis, but does not have time for filing his own Balance Sheet.
*
It is not advisable.
*
In case the refund is required on adhoc basis, he must show his income in correct head.
*
It will create a big question mark on the credibility of the professional who audits
on adhoc (????) basis, but does not have time for filing his own Balance Sheet.
*
28 July 2011
Thanks you sir,
But though its not advisable, is it permissible?
Actually its his first return. He is a B.Com graduste and just conducts internal audits and stock related audits etc so does not know how to file it.
Thanks agarin sir,
But though its not advisable, is it permissible?
Actually its his first return. He is a B.Com graduste and just conducts internal audits and stock related audits etc so does not know how to file it.
Thanks agarin sir,
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
- House Property Reporting in ITR
- TDS Claim year
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- Merchant Export Accounting
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Lease agreement and tax on sale
- 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
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
