Business or profession
This query is : Resolved
05 September 2019
Dear Experts,
Kindly clarify following are business or profession
1, MUTUAL FUND COMMISSION INCOME
2, TUITION FEE INCOME
3, COMPUTER JOB WORK INCOME
4, TALLY ACCOUNTING INCOME
5, DATA ENTRY JOB WORK INCOME
Experts opinion requested.
Thanks in advance
Kindly clarify following are business or profession
1, MUTUAL FUND COMMISSION INCOME
2, TUITION FEE INCOME
3, COMPUTER JOB WORK INCOME
4, TALLY ACCOUNTING INCOME
5, DATA ENTRY JOB WORK INCOME
Experts opinion requested.
Thanks in advance
06 September 2019
1 Business income.
2 to 5 Professional income.
2 to 5 Professional income.
07 September 2019
Dear Sir,
Many Chartered Accountants 2 to 5 as Business Income because of Not cover defination 44AA.of Income tax Act. , that why I confused.
If you can elaborate in this issue ?
Thanks for your reply
Many Chartered Accountants 2 to 5 as Business Income because of Not cover defination 44AA.of Income tax Act. , that why I confused.
If you can elaborate in this issue ?
Thanks for your reply
08 September 2019
Professional income as per ITR includes
Advertising 16006
Fashion designing 16007
Interior decoration 16008
Photography 16009
Auctioneers 16010
Business brokerage 16011
as per business code for ITR filing.
All services other than business is considered as profession under ITR filing.
Advertising 16006
Fashion designing 16007
Interior decoration 16008
Photography 16009
Auctioneers 16010
Business brokerage 16011
as per business code for ITR filing.
All services other than business is considered as profession under ITR filing.
09 September 2019
thanks for your valuable reply, but i want to know who cover under 44AA professional ?
09 September 2019
Lawyers
Engineers
Architects
Accountants
Technical consultants
Interior decorators
Authorised representatives, such as agents and contract negotiators
Filmmakers, a category that includes producers; editors; actors; directors; music, dance, and art directors; camera crews; singers; song and story writers; script and dialogue writers; and costume designers
Engineers
Architects
Accountants
Technical consultants
Interior decorators
Authorised representatives, such as agents and contract negotiators
Filmmakers, a category that includes producers; editors; actors; directors; music, dance, and art directors; camera crews; singers; song and story writers; script and dialogue writers; and costume designers
09 September 2019
thank you very much for your information...
09 September 2019
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