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Other sources or profession?

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(Querist)
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?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
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.
*
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CA Amit Kumar Khaitan

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CA Amit Kumar Khaitan (Querist)
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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