Hi! can anyone tell me under which head of income does the honorarium received by a retired professor is chargeable, for which the university has deducted 10% TDS. he also receives pension apart from this. For that no TDS has been deducted. So under which head should i group the income.
Same case but instead of honorarium it is Scientist allowance...
Pls guide me for these two queries...
Hi Muthulakshmi,
Honorarium and Scientist Allowance should be taxable under the head 'Income from other sources'.
Regards,
Devendra
KK & Company Chartered Accountant
Pune
CA Inter
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Kothari Jain Patil & Chartered Accountants
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