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Querist : Anonymous

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Querist : Anonymous (Querist)
14 January 2012 Hello All

Under which head of income , professional fees paid to director/any person will lie.
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Abhishek Ranjan Singh

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Abhishek Ranjan Singh (Expert)
14 January 2012 Income from Business & Profession.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
14 January 2012 Under the Head...
Profits and gains of Business or Profession.
Appropriate return form: ITR 4
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 January 2012 thanx experts

Please also help me in the following case:
a person has received professional receipts of rs 800000 during the year. can he also claim expenses against the said income for calculating income under the head business or profession.
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CA Deepak S

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CA Deepak S (Expert)
14 January 2012 Yes he can claim the actual expenditure incurred for getting the income.
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Querist : Anonymous

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Querist : Anonymous (Querist)
16 January 2012 thanx for your advice

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