Part time Accounting Income
This query is : Open
Tarun Srivastava
(Querist)
07 April 2017
my whole earnings are from part time accounting and my qualification is M.Com.
please help, in which income head., i should file income tax return.
07 April 2017
You should show under income from business and profession.
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Studentsca
(Expert)
07 April 2017
It is compulsory to file your income tax return only if your Gross Total income exceeds basic exemption limits.
But it is advisable to file your income tax return, since that may help you in easy processing your loan in future, servers as record for future, etc.
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Tarun Srivastava
(Querist)
07 April 2017
my income exceeds exemption limit, somebody told me that i can't file IT return in business or profession head, as it is not a business and i don't have professional degree as LLB, CS or CA.
I earn from several clients of small amounts.
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Studentsca
(Expert)
07 April 2017
You can file your income under the head Income from Profession.
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