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Business income or Professional income?

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(Querist)
14 June 2016 My Clint is running an institution as a partnership firm whereby he undertakes project work for B.tech students and also conduct java classes, what will b d income from d above assesses under. Whether Profession or business service?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 June 2016 If all the partners are qualified engineers, it is' profession', otherwise 'business'.
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Deepak Patel

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Deepak Patel (Querist)
14 June 2016 One partner is B.tech and other partner is diploma holder?
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
15 June 2016 For the purpose of professional income, the person has to be have a professional degree like chartered engineer, medical practice, chartered accountancy etc . If the services are rendered in this capacity, the income generated would be considered as professional income else it will be treated as business income
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Deepak Patel

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Deepak Patel (Querist)
15 June 2016 ok.. Thank u all for the valuable suggestion..
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