Pgbp and other source confusion

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*****Accountant***** Never insult to a
1448 Points Joined January 2017

1) I have income in FY 2015-16 Salary income 3,00,000/- (No tds deducted)

2) Sold Amway product 20,000/- (No tds deducted)

3) Provided consultancy services 70,000/- (tds deducted Rs. 7,000 u/s 194j)

I am fully confused how to declare (No. 2 & 3) and which head the income is taxable? PGBP or Other Source.

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On 30 March 2017 at 12:25 Report
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SEO Sai Gr. Hosp.
196537 Points Joined July 2016

1. Salary head

2. Income from other sources

3. PGBP (sec 44ADA applicable for AY 2017-18.)

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On 30 March 2017 at 13:47
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CA - Final
1367 Points Joined September 2009
Point no 2 should be classified as business income. Amway usually gives goods on paynent basis and hence to be classified as a business and can opt for section 44ad
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On 30 March 2017 at 15:52


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