23 January 2010
To all CAs Sirs, Last 5/6 Years I doing Accounts Writing on Part Time or Contract basis.
Now i am planning to file Return. My query is What source of income I have to show? for e.g. Consulting Charges or Professional fees.to avoid service tax problem.& which ITR should i File
Please give me Good Advice for future to do the work professional ways and setup my own office. Thanking you in advance. Vikas.
23 January 2010
You can show income received as professional fees. Also as in that you can show expenses incurred such as rent, etc. and the same will be allowable as a deduction.
Also service tax is leviable on receipts of Rs. 10 lacs. So if the same crosses above 10 lacs then service tax will be leviable. No escaping that
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