Income head ?

Tax planning 106 views 3 replies

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?

 

 

Replies (3)
It both are on payroll of ABC enterprises their income is chargeable under salary if they are hired for providing specialised services then income from business

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.

 

ok then ...As per my understanding it will be income from profession..


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