Hi
One of my friends has casual contract income from Australia from April to july'21. How he has to treat such income?? whether to add it in the salary?? or have to be show under another heads of income?? someone please enlighten me in this issue
sashank sashi (97 Points)
28 December 2021
sashank sashi
(97 Points)
Replied 29 December 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170119 Points)
Replied 29 December 2021
It should be declared under head IFOS or PGBP.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170119 Points)
Replied 29 December 2021
The contract income would not have been added in form 16.
While it is foreign remittance, query may be raised if not declared in proper manner.
sashank sashi
(97 Points)
Replied 29 December 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170119 Points)
Replied 29 December 2021
Easiest option is to declare it under IFOS.
Yes normal slab rate will apply.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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