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Business or profession

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2012 If a Professional person is running coaching centre or tution then the income from such coaching centre is treated as business or profession ??

Please tell me with reason
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B.COM, ACA, DISA Namrata

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B.COM, ACA, DISA Namrata (Expert)
22 August 2012 It will be Business income.


The definition of profession is

"A profession is a vocation founded upon specialized high educational training, the purpose of which is to supply objective counsel and service to others, for a direct and definite compensation, wholly apart from expectation of other business gain."


A coaching centre does not satisfy the above definition.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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