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Income tax return filing query

Tax queries 459 views 2 replies

CA CHETAN GUPTA

588 Points Joined September 2009

Friends I need Urgent Help.

My Client, an Individual, is residing in India. And Working ONLINE though a Website and Earning Money. He is a Programmer. His Clients on the Website are all Foreigners. And he receives his Fees from the Website directly in his Bank Account.

Do he have to File INCOME TAX RETURN in INDIA ????? If Yes, then Under what Head???

Are any other Provisions applcable to him???

Please reply soon . . 31st July is near . . .

Thanks Everyone !!!

Replies (2)

Pakshal Shah

Practicing Chartered Accountant

271 Points Joined April 2009

Yes. He needs to file his income tax returns provided his income exceeds basic exemption limit not chargeable to tax. The income received by him shall be his business income and hence he can claim deductions of expenditures incurred for earning that income.