beauty parlour is a profession or business
This query is : Resolved
09 November 2009
sir
a person carrying a beauty parlour. his/her income a professional income or business income and specified the code no. as per the income tax
a person carrying a beauty parlour. his/her income a professional income or business income and specified the code no. as per the income tax
09 November 2009
Its Business....None of Law specifies it as a profession
10 November 2009
It may be termed as profession since the man working their have specialized knowledge. However if any person appoints others for working in his parlour it will be regarded as business
10 November 2009
My view is, it comes under 'business' because in beauty parlour consumption of
materials are involved where as in profession it is not.
materials are involved where as in profession it is not.
Message likes :
1 times
10 November 2009
AGREE WITH MR.WARRIER.
10 November 2009
I agree with Mr. Chakrapani. it shud be business
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- ITR validation error - Balance sheet is not filled
- Eway bill for machinery reparing
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Income of an individual
- Applicable TDS for Purchase of Flat from NRI
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
