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
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- TDS on Purchase of Immovable Property by NRI from NRI
- Is Personal Guarantee of Director is Compulsory in case of loan to company ??
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Cash gift by grand mother to her grand daughter
- 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
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
