sai ram (article trainee) (53 Points)
26 July 2014A 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
Raj Kumar
(--)
(98 Points)
Replied 26 July 2014
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
Mihir
(Wealth Manager)
(5293 Points)
Replied 26 July 2014
sai ram
(article trainee)
(53 Points)
Replied 26 July 2014
If TDS is deducted under Sec 194 J then what is the consequence ?
CAclubindia
