Salary or professional services??
This query is : Resolved
17 March 2015
My cousin works for a marketing co. and the co. had paid him salary of a fixed amount each month on which tds has been deducted u/s 192.
Besides this the company has paid him around 90000rs. as fees for consultancy and has deducted tds @10% u/s 194j.
Now my question is can I show the consultancy fees as fees from professional business?? and show salary deducted tds as tds from salary.
As the expenses related to earning that consultancy fees aren't paid/reimbursed by the co. so what shall we do?
Besides this the company has paid him around 90000rs. as fees for consultancy and has deducted tds @10% u/s 194j.
Now my question is can I show the consultancy fees as fees from professional business?? and show salary deducted tds as tds from salary.
As the expenses related to earning that consultancy fees aren't paid/reimbursed by the co. so what shall we do?
17 March 2015
01. Show salary as income from salary
02. Show consultancy fee as income from profession.
02. Show consultancy fee as income from profession.
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