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?
CAclubindia
