Casual Income

This query is : Resolved 

16 April 2009 My Client received salary from contract basis, deduct T.D.S @ 10%. This type of income which head consider ?

16 April 2009 Hi
Please check the arrangements with company...It must be of Retainer ship basis. In that case the Income falls under Sec.194J - Professional Charges and accordingly the TDS is deducted @10% plus cess.
This income to be considered as Business Income for returns.

16 April 2009 THis shall be trated as business income or income from other sources(if it is on occasional basis).
TDS shall be deductd @ 10% u/s 194J




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries