24 January 2011
Hi, Can anyone please tell me how does a Consultant do tax saving on his professional income - fee received by way of consultation to a financial institution/world bank etc.?
Are consultants taxed at a special rate? Do they need to provide any certificate for holding the consultancy? Please answer.
24 January 2011
There is no special rate applicable on consultant. They can get deduction for expenditure expended for consultancy. All the applicable deduction under business & profession applies on professional income of consultant.
24 January 2011
Is there any certificate that needs to be submitted along with the ITR, indicating the income as consultancy income and not salary income? Please help.
CAclubindia
