business or profession
This query is : Resolved
22 August 2010
My Client is running body builtup health training centre and collecting fee as service charges on monthly basis, (i) wheather this collection charges is income from business or profession (ii) it includes "specified profession" or not.
22 August 2010
it is not a specified profession. It is a business activity.
CA Ravi Sisodia
(Expert)
22 August 2010
yes its only business income.
Dhirajlal Rambhia
(Expert)
03 October 2021
Even though it is treated as business income. but not allowed to be assessed u/s.44AD of the act.
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