State how the following incomes will be chargeable to tax and if taxable, also the head of income: A professor in an engineering college, earning income by way of examinership fee for valuation of answer-books.
CS Executive · Tax Laws · PYQS · December 2018
State how the following incomes will be chargeable to tax and if taxable, also the head of income: A professor in an engineering college, earning income by way of examinership fee for valuation of answer-books.
Answer & Explanation:
Examiner-ship Fees for valuation of answer-books received by a professor is chargeable to tax under the head "Income from Other Sources" as the income earned by the professor is not in the course of employment.
Topics: Income Tax Act, 1961
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