23 July 2010
Mrs X has received salary for the F.Y 2009-10 . She has also received professional income during the year on which TDS has been deducted. Actually she has received this prof. fees only for this year, she is actually not a professional. So my question is under what head should I show the prof. fees recd.? Which ITR should I use? Do I have to prepare a P&L and B/S?
24 July 2010
Show her Professional income under the head income under other sources & claim deductions u/s 57 for the expenses that she incurred to arrive that Professional Income for this ITR 1 is enough because it includes Salary & other sources income
CAclubindia
