Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

Income tax return filing query

552 views

Save Share

CA CHETAN GUPTA

426 Points Posted on 25 July 2014

Friends I need Urgent Help.

My Client, an Individual, is residing in India. And Working ONLINE though a Website and Earning Money. He is a Programmer. His Clients on the Website are all Foreigners. And he receives his Fees from the Website directly in his Bank Account.

Do he have to File INCOME TAX RETURN in INDIA ????? If Yes, then Under what Head???

Are any other Provisions applcable to him???

Please reply soon . . 31st July is near . . .

Thanks Everyone !!!

Replies (2)

Pakshal Shah

Practicing Chartered Accountant

242 Points Posted on 25 July 2014

Yes. He needs to file his income tax returns provided his income exceeds basic exemption limit not chargeable to tax. The income received by him shall be his business income and hence he can claim deductions of expenditures incurred for earning that income.