Other sources or profession?

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CA Amit Kumar Khaitan (Querist)
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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?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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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.
*

CA Amit Kumar Khaitan

CA Amit Kumar Khaitan (Querist)
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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,

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