Dear sir,
I am a consultant, and i got my Form-16, just want to know, while efiling- which salary i need to consider for-
INCOME FROM SALARY -
1) Total amount credited for year (including TDS),
2) Total amount credited for year (excluding TDS),
i.e., suppose i got 1L for the year where TDS got deducted, Rs, 10K, so while filing do i need to consider my salary as in case of
1) 1L, or,
2)90K
Request you to pls do the needful at earliest.
Regards,
Anand Kumar
A retired professional proviedes free consultancy on regualr basis to enterprenuers who lost heavily in their enterprises, to help them come out of their debts and to make their business run in to profits within a fixed time frame by providing various methods. He never charged anything from any one. He is helping people only as a social work .But one client wants to pay him in kind by booking his tickets for travel , buying his medicines online etc. . How the professional is supposed to treat this amount under his IT return, if the annual amount of such payments exceed one lac.
CAclubindia
