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Show of income

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Waseem Syed

Advocate

272 Points Posted on 15 September 2020

I am a doctor ..I have recieved 50000 rs from medicinal company by way of commission , but they have issued cheque only 45000 stating that rs 5000 has been deducted as TDS and it will be refund when you will file return.Now in which head I have to show this commission and how?

Replies (5)

sabyasachi mukherjee

Profession Business

28207 Points Posted on 15 September 2020

This commission is received from prescribing medicines
hence that should be shown as income from other sources.

Waseem Syed

Advocate

272 Points Posted on 15 September 2020

Total amount or balance amount after deducting TDS?

CA Raj Doshi

Practising CA

8954 Points Posted on 15 September 2020

Please show it as sale of services only under Profits/Gains from Business/ Profession. Rs
50000 to be shown.

damodar sarda

CA Practice

184 Points Posted on 15 September 2020

Also see the section under which TDS made...If under 194 J, it will be under the head business or profession. If it is under 194H, go for income from other sources.