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A person has 10 lac income from U Tube channel.Will he show this gross inflow in wealth

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in Income Tax – Individuals & AOPs by (20 points)

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by (11.0k points)
Yes, the income should be declared in tax returns regardless of its sources if you are a resident person.
by (20 points)
i want to know that i have 10 lac income from youtube chanel.There is tax deduction of Rs 10,000.I have other income from business Rs 4 lac.In my wealth under inflows ,will i write Rs 10 lac+4 lac inflow?Some one is saying that in wealth for final tax income we have to make a reverse calculation from Rs 10,000 tax and Rs 666,667 will be shown in wealth as inflow from final tax.Please advice
by (11.0k points)
It's not like that. please refer to the original answer. Wealth Statement will have both 14 lac.

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