Taxability of honorarium
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2014
A person has received honorarium from INDIAN INSTITUTE OF ENGINEERING TECHNOLOGY on which TDS has been deducted according to Sec-192 will it be taxable under the salaries or Income from other sources??If it is taxable in IOS is there any exemption for the same ????..Plzz tell me
21 July 2014
if deducted u/s 192 the its income from salary only.
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Nikhil Kaushik
(Expert)
21 July 2014
not necessarily. test of nature of income is not fully dependent on the TDS provisions.
What you need to establish is the nature of relation between the payer and the payee.
regardless, there is no exemption against the said income.
What you need to establish is the nature of relation between the payer and the payee.
regardless, there is no exemption against the said income.
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21 July 2014
read 2nd line of query tds deducted u/s 192.
21 July 2014
read 2nd line of query tds deducted u/s 192.
21 July 2014
read 2nd line of query tds deducted u/s 192.
Nikhil Kaushik
(Expert)
21 July 2014
Yes Tushar I have read it. therefore, I said, TDS section is not the final yardstick for determining the nature of income. Because the first line leaves the relationship between the payer and payee since the payment is honorarium instead of salary
21 July 2014
yes i agree with wat u said technically but when tds is deducted so claiming tds its better to show it under 192 salary as it will take time for the employor to change the tds return and put it in other sec.
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