my friend has salary income from Infosys Ltd and also consultancy income from other company. therefore income tax return preparation such consultancy income can show as 44ada 50 percent?
consultancy company tds deduct under 194j?
which head is show 194j income sir?
In your case, if the income from consultancy is one time and/or casual in nature, if it's for this year only, next year not happen then it needs to be considered as income from other sources.
However, if the income from consultancy is going to be substantial, every year and year after year, i.e regularly every year then such income shall fall under income from business and Profession and yoi can show u/s 44ADA.
So,in your case you can...
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