Dear All,
An IT employee is also receiving income from teaching. The Form 16A reflects the TDS u/s 194J(Fees for Professional or Technical Services). Now, Should this income be shown as PGBP or IOS in his tax returns?
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Pgbp or ios?
Replies (3)
TDS u/s 194J is deductible on any payment made on a/c of fees for prof/terch services and , the provider of the service should be an independent person and not employee.....therfore if TDS deducted by IT co u/s 194j then it can be said that the person is not an employee of the IT co rather working for co. on a contract basis ...
Therefor, such Income from Prof services should shown as Bus/Prof Income and not the salary Income
Thank you for the reply saurabh!
But in this case the employee's form 16 does not mention anything about the professsional income. Form 16A has been issued by the institute where he teaches on a part time basis
Yes its ok if employee's form 16 does not mention anything about the professsional income.
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