TDS deducted on Professional Fee - how to show in I.T. RETN

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This query is : Resolved

JOSE (Querist)

25 July 2011 Dear Experts,

A person received a total amount of 42750/- towards Fees for training lectures delivered in Companies Training Centre duringt F.A. 2010-11 and the Training Centre has deducted 10% TDS of 4275/- for the same, AND gave Form No.16-A . The person is a salaried employee who received Form No.16 for salary income. Kindly guide as to how he should show this TDS in his I.T. return for A.Y.2011-12? Whether he should add the total fee of 42750/- to his salary income and work out the total tax liability and thereafter deduct the TDS amount already deducted from the said total tax liability to arrive at his final tax payable or any other method is there. Kindly enlighten on this issue. Thanks in advance.

CA Navin Jain

CA Navin Jain (Expert)

25 July 2011 Training Lectures a professional services then its not included in salary income.

Aditya Maheshwari

Aditya Maheshwari (Expert)

25 July 2011 Since TDS has been deducted as professional fees and form 16A has been issued the same would be taxable as business income and not as salary income.

JOSE

JOSE (Querist)

25 July 2011 Thanks for the replies which would not answer my queries fully. Therefore, I would be thankful any experts could give proper guidance elaborately, especially as to how the income from training lecture to be treated in the I.T. return and what about the amount of TDS already deducted on the same,etc. please.

Aditya Maheshwari

Aditya Maheshwari (Expert)

25 July 2011 The income from giving lecture would be professional income and taxable under the head income from business and profession and claim the TDS from the tax liability as you claim TDS on salary.

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