Hi Friends,
one of my friend got stipend during his intership of rs 12600 (14000-1400) after deducting TDS u/s 194J.
Under which head this income should be shown in ITR.
Please advise
Hi Friends,
one of my friend got stipend during his intership of rs 12600 (14000-1400) after deducting TDS u/s 194J.
Under which head this income should be shown in ITR.
Please advise
Profit and Gains from Business or Prfession in ITR 4.
The Income Should be grouped under Income from Other Sources
1. TDS u/s 194J is deducted only on Professional/ Technical Service.
2. Stipened Income in means amount received by a person during his Training.
Income Received during Training period doesnot qualify as Income of Professional / Technical Nature.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
