SALARIES

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Manmohan ACA, CS

Manmohan ACA, CS (Querist)
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15 April 2009 A WAITOR EARNING SALARY RECEIVES TIP FROM CUSTOMERS, UNDER WHAT HEAD IT SHALL BE TAXABLE.

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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15 April 2009 Salaries

CMA KNVV Sri Vidya - Sri Kanth

CMA KNVV Sri Vidya - Sri Kanth (Expert)
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15 April 2009 .

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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15 April 2009 income from other source. coz its nt from employer so cant be covered in salary.

CA. Gurdeep Singh Chawla

CA. Gurdeep Singh Chawla (Expert)
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15 April 2009 income from other source.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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15 April 2009 Yes to declare under'income from other sources'.

CA Pramit Mishra

CA Pramit Mishra (Expert)
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15 April 2009 Dear,
As per Income tax Act section 56 (1) Income from other sources is a residury head. and any income which doesn't fall under any other head, then it will be charged under other sources. In your case, This trip income is neither falling u/s 15 (coz employer-employee relation doesn't exist)nor u/s 22 (house property)nor U/s 28 (PGBP) and nor U/s 45(1)(Capital gain. Hence finally it qualifies as a residuary income and is chargeable under section 56(1) i.e; other sources.

Manmohan ACA, CS

Manmohan ACA, CS (Querist)
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16 April 2009 Thnaks 2 all

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