Reg:stitching income
This query is : Open
30 June 2014
can somebody tell me..
Under the Which Head of Income Tax, the Income of House Wife from Stitching Activity at house has been Shown?
regard
Malkeet
Under the Which Head of Income Tax, the Income of House Wife from Stitching Activity at house has been Shown?
regard
Malkeet
01 July 2014
it will be business income
01 July 2014
Mr. CA Sunil k Garg...
Sir, It is not at the Market Place.
The Income is amounting to Rs 225000, can we show at Income under the Head other source?
Regards
Malkeet
Sir, It is not at the Market Place.
The Income is amounting to Rs 225000, can we show at Income under the Head other source?
Regards
Malkeet
01 July 2014
show as income from other source. fill in the details therein
02 July 2014
dear malkeet singh
sir, pls refer to sec 56 (1) 56 (2), income from sources is a residuary head, only income which is not chargeable to income tax under any head of specified in section 14 , item A to E.and items specified u/s 56 (2)is chargeable under this head.
it does not effcet the nature of income , if it is not in market place. eg professional income, coaching classes ,
hence as per law, it is business income
sir, pls refer to sec 56 (1) 56 (2), income from sources is a residuary head, only income which is not chargeable to income tax under any head of specified in section 14 , item A to E.and items specified u/s 56 (2)is chargeable under this head.
it does not effcet the nature of income , if it is not in market place. eg professional income, coaching classes ,
hence as per law, it is business income
Message likes :
2 times
02 July 2014
so.
Sir,
Soumitra basu and CA Sunil K garg ..
What Should I Do ?
Regards
Malkeet Singh
Sir,
Soumitra basu and CA Sunil K garg ..
What Should I Do ?
Regards
Malkeet Singh
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Whether still royalty
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
