Kirti Sitani (.) (46 Points)
30 October 2018If 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?
Hitesh
(Student)
(3549 Points)
Replied 30 October 2018
Kirti Sitani
(.)
(46 Points)
Replied 30 October 2018
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.
Hitesh
(Student)
(3549 Points)
Replied 30 October 2018
CAclubindia
