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Income from work at research centre

634 views 2 replies

Hello evry1..Der is 1 more confusion.

One of my client does job and also helps in an org for research (testing of medicines) purpose. He does this research work during evening or ni8 or on sundays and saturdays. So he g8s payment for it.Now d research co. deducts TDS u/s194J. SO IS IT OK IF I SHW IT AS INCOME FROM OTHR SOURCES??? my client says its just receipt of fees for testing the medicines. Its only income n he doesnt wants any deductn. So is it ok if it is shwn in other income? I advcd hm that dedctn is available evn if that income is shwn in other income. So he can claim petrol xpnsns.Pls advise  

 

Na ya..I more thing.. The income paid or credited u/s 192 as per 26AS n Form 16 doesnt match..Howevr TDS amount matches...Wot to do now???

Replies (2)

he has two types of income, salary + professinoal income, 

under professional income he can claim his expenses also, 

but ascertain the diff from 26AS, as there may be some diff of fees paid to him like conveyence etc. 

bt can dat proff income b shwn as income from other sources?i hv nothin more abt it..its jus receipt for services by using co.'s material...its jus fees..if i dnt wnt 2 shw xpns den can i shw it under head income from othr sources???


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