Taxability of honorarium

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 July 2014 A person has received honorarium from INDIAN INSTITUTE OF ENGINEERING TECHNOLOGY on which TDS has been deducted according to Sec-192 will it be taxable under the salaries or Income from other sources??If it is taxable in IOS is there any exemption for the same ????..Plzz tell me

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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21 July 2014 if deducted u/s 192 the its income from salary only.

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 July 2014 not necessarily. test of nature of income is not fully dependent on the TDS provisions.

What you need to establish is the nature of relation between the payer and the payee.

regardless, there is no exemption against the said income.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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21 July 2014 read 2nd line of query tds deducted u/s 192.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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21 July 2014 read 2nd line of query tds deducted u/s 192.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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21 July 2014 read 2nd line of query tds deducted u/s 192.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 July 2014 Yes Tushar I have read it. therefore, I said, TDS section is not the final yardstick for determining the nature of income. Because the first line leaves the relationship between the payer and payee since the payment is honorarium instead of salary

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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21 July 2014 yes i agree with wat u said technically but when tds is deducted so claiming tds its better to show it under 192 salary as it will take time for the employor to change the tds return and put it in other sec.

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