DEAR ALL,
PLZ HELP ME OUT IN THIS
CAN HONORARIUM BE TAXED UNDER THE HEAD PGBP?
A PERSON WHO IS A DIRECTOR IN A CO. RECEIVES HONORARIUM FROM THAT CO.,UNDER WHICH HEAD THIS WOULD BE TAXED?
Saumya Agarwal (student) (50 Points)
04 October 2011DEAR ALL,
PLZ HELP ME OUT IN THIS
CAN HONORARIUM BE TAXED UNDER THE HEAD PGBP?
A PERSON WHO IS A DIRECTOR IN A CO. RECEIVES HONORARIUM FROM THAT CO.,UNDER WHICH HEAD THIS WOULD BE TAXED?
C.A SHASHANK GOYAL
(Chartered Accountant)
(362 Points)
Replied 04 October 2011
Hi , I am of the opinion the honorarium should be prima facie taxable under the head income from other sources , but further depends upon the conditions , say , if directors is in whole time employment of the company , then it can be made taxable under the head salary , because it must have received due to professional services received . If not in employment than it can be made taxable under the head bussiness and profession , if honorarium is received for his professional services rendered and if not for his professional services than income from other sources .
MADHUSUDAN THAKUR
(Student)
(26 Points)
Replied 31 December 2011
Dear frnds,
If honorarium received as scientist/professional, under which head it would be taxed..??
plz explain ..
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