08 July 2009
I am a woman and my monthly income is Rs.15,000/- which comes to Rs.1,80,000/- per year which is below Rs.1,90,000/- and hence exempted from tax as per Union Budget 2009-2010.
Ours is a consulting engineering partnership firm wherein the fees is paid to everybody falls under the category of professional fees. ( Section 194 J ).
So I want to know whether my income should be taxable or not.
CAclubindia
