21 December 2011
Whether recruitment consultancy income is a professional income? TDS is deducted on services offered @ 10% being technical consultnacy services by our clients...
If this is considered as professional income the Audit is applicable and if considered as business income then audit is not applicable and also we can opt for section 44AD...
please guide...
Guest
Guest
(Expert)
21 December 2011
According to me, it should be business income.
21 December 2011
The income from recruitment services should be business income, so far my view is concerned only by virtue of deduction of tax at source is u/s 194J it does not become professional income.