Treatment of professional fee
This query is : Resolved
Satish Gupta
(Querist)
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
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
16 July 2013
ITR 4 needs to be filed by you since Professional Fees comes under Profits and gains of Business or Profession.
17 July 2013
since Mr. Ramesh have professinal income he needs to file itr4 and he must disclose both the income.
Satish Gupta
(Querist)
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
He want to claiming their expenditure which are incurred by him on office maintain & travelling exp for provide his services.
Regards
18 July 2013
any exp related to earning professional income with supporting is allowed to deduct such exp.
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