TECHNICAL FEES U/S.194J

This discussion addresses a situation where technical fees of £120,000 for FY 2019-20 were mistakenly declared as salary on a payslip. The core issue is whether these fees can be treated as salary for claiming standard deductions. Participants clarify that an employer-employee relationship is essential for income to be classified as salary. If TDS was deducted on professional fees, the employer should be asked to rectify their TDS return. Otherwise, the income should be declared under business income, or the employer must revise the TDS return if salary classification is insisted upon.