Income from consultancy (GST, Income tax etc).
Should be shown as professional income under pgbp??
10 Replies
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 30 April 2020
Yes... You can show the income as professional income under PGPB.
Eshita S Shah
(Practicing CA )
(75 Points)
Replied 01 May 2020
Yes it should be shown as Income From Business. You can also claim expenses directly related for earning such income. And suppose if the frequency of the consultancy income is just one time and its not your main line of business then you can show it as Income From Other Sources.
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 01 May 2020
@ Mr Esh*ta S Shah.,
Is the above said income shown as Business...?!
Is the above said income shown as Business...?!
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 01 May 2020
No...
Show as PROFESSIONAL income Under PGPB.
Show as PROFESSIONAL income Under PGPB.
Eshita S Shah
(Practicing CA )
(75 Points)
Replied 01 May 2020
I meant as Professional Income under the head PGBP
Robin Nelson
(Eminia Trading)
(22 Points)
Replied 17 December 2020
As far as I know, it should be shown as a source of income.
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