I received Rs. 10 lakh my professional fee

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Querist : Anonymous

Querist : Anonymous (Querist)

22 November 2010 I reeived my fee rs. 10 lkh but i dont want to show in my income tax kindly give my advice.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 November 2010 No advice can be given on this. As per law you have earned Rs 10 Lacs as fee and you have to show it in your return and pay tax.

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CA.Madhusudan B.P.

CA.Madhusudan B.P. (Expert)
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22 November 2010 Being a Professional guy, instead of tax evasion, do tax planning & declare the income & pay some taxes to the government.

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CA. Kishore Choudhary

CA. Kishore Choudhary (Expert)
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22 November 2010 agree

taxindiaconnect

taxindiaconnect (Expert)
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22 November 2010 Even if you do not want to disclose this income, you can not sit at peace as the TAx department will come to know about this income as the payor would have dedcuted TDS on this income and filed a TDS return for this deduction. No escape