Income tax query

Tax planning 364 views 4 replies

A person is in full time employement in a company

After and before office hours he is teaching classes in different private institutes and earning income,

He is incurring expenses for transportation from home to institute every day

Can income from teaching can be shown under the head PGBP and can claim transportation expeneses as deduction in PGBP ?

Thanks in advance 

 

Replies (4)

If such person is the owner or co-owner of institute then he shall treate such income under PGBP.

 

If he receives a certain fixed amount then it is surely a type of salary and shall be shown under head salary

If he is getting salary from the institute, then that income is not taxable under the head PGBP.

If TDS is deducted under Sec 194 J then what is the consequence ?

 

for Sec.194J then it will be PGBP


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