Pls pls advice
This query is : Resolved
18 August 2012
One of my client g8s professional fees of Rs 1,19,000/- from an research institution where he does testing of medicines.He also does job for which he g8s salary of 4,50,000/-. He goes to this research institution at times left after hs job. Now d problem is that my client doesnt wants to show this income as PGBP as he says he has just got the fees bt doesnt incur any expenditure except petrol for going to that institute. And for petrol he doesnt hv any bill. He says its just providing of service.
Now is it ok if i shw this income as income from OTHER SOURCES and file ITR1?
Now is it ok if i shw this income as income from OTHER SOURCES and file ITR1?
19 August 2012
Nature of activity has to be seen. If its part service has been provided then it has to be taxed in PGBP. as per information testing is part of client hence should be taxable in PGBP. Further TDS u/s. 194j must be detucted after which you can not show it as IFOS.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Traces submitting correction statement error
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
