I am a Scientist in Govt Organistion, in addition to TDS on my salary from the office, in my annual tax statement for FY 2010-11 under section 203A [FORM NO 26AS], TDS of Rs. 12678/- has been deposited after showing an amount of Rs. 126782/- credited by my publisher under section 194J on 31-03-2011, with date of booking 16-05-2011 (as checked on Income tax department site).
The amount/ cheque by the publisher has not yet been release/paid to me till date. Now my questions are -
[1] Do I have to show this income in my return for AY 2011-12 (FY 2010-11) ?
[2] I have spent Rs. 85000/- for purchase of books/ other reading material, CDs, Typing Charges, Leaser color print-out, Figures and Diagram Making charges, Photocopy, stationary, Internet access etc for writing this book. How to account for this money and what is my tax liability in % on this amount.
[2] I have spent Rs. 85000/- for purchase of books/ other reading material, CDs, Typing Charges, Leaser color print-out, Figures and Diagram Making charges, Photocopy, stationary, Internet access etc for writing this book. How to account for this money and what is my tax liability in % on this amount.
[4] If I don't show this income as TDS at 10% has already been deposited, will it be right action?
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