Here is my query is regarding Salary and Remuneration. I am getting Salary from one concern and Remuneration from sister concern and the TDS is deducted under Section Code 94J.
Should my this Remuneration income treated income from Business and Profession?
If yes, then should it is necessary to prepare Profit and Loss A/c?
If No, then how this income treated in my Income Tax Return.
29 June 2013
REMUNERATION NATURE DEPEND ON FIRM BUSINESS NATURE CONSULTNCY
OR SPECIFIED PROFESSION U/S 44AA OF INCOME TAX THEN YOU HAVE TO PREPARE P/L A/C
Querist :
Anonymous
Querist :
Anonymous
(Querist)
01 July 2013
Jain Saab you are not understand my query, my query is simple i have not specialization in any profession, i am just doing job and getting reward as salary from one organization and Remuneration from sister concern to compensate me (TDS is deducted under section 94J) now please tell me should i prepare Profit and Loss account for remuneration income and claim deduction of expenditures.