If Ms A [CA] and Ms B [Graduate] are receiving income from ABC Enterprises for doing the Accounting / Data entry work, in which head should they report their income.
Income from Salary or Business Income??
ABC Enterprises is claiming that as expenses under Computer Accoutingb Charges in its PL A/c.
Does head of income matter when one is a professional?
There is no concept of payroll. ABC Entp is a small propreitorship firm. Ms A & B go for couple of hours daily to do the Tally Accounting work.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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