Taxablity of Tips earned by a waiter
This query is : Open
manish rathi
(Querist)
06 November 2009
A waiter has received during the year amount which is less than rs. 50000 from his customers as tips. provided that his other income exceeds basis exemption limit please tell me in which head this income is taxable and why?
06 November 2009
ifos
CA. abhinav kumar
(Expert)
07 November 2009
OFOS COVER ALL OTHER INCOME WHICH ARE NOT COVERED BY OTHER FOUR HEAD OF INCOME.
CA Suresh Choudhary
(Expert)
07 November 2009
agree with all the experts
Rajkumar Maheshwari
(Expert)
07 November 2009
The Income of Tips will be filed on the Head "Income From Other Sources"
manish rathi
(Querist)
08 November 2009
Is waiter cover under the definition of professional or vocation?
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