Treatment of professional fee

This query is : Resolved

Satish Gupta (Querist)
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16 July 2013 Dear Sir

Mr. Ramesh has draw salary for 9 months during f y 2012 13 and rest period he has get professional fee from another company Rs 1.55 Lacs. Please suggest how he will show his both income in his return.

Thanks
Satish

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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16 July 2013 ITR 4 needs to be filed by you since Professional Fees comes under Profits and gains of Business or Profession.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 July 2013 since Mr. Ramesh have professinal income he needs to file itr4 and he must disclose both the income.

Satish Gupta

Satish Gupta (Querist)
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18 July 2013 Dear Sir

He want to claiming their expenditure which are incurred by him on office maintain & travelling exp for provide his services.

Regards

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 July 2013 any exp related to earning professional income with supporting is allowed to deduct such exp.

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