Classification of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2014
Dear Sir,
I want to know the classification of income earned by CA student from providing coaching to juniors.
Please reply me at the earliest.
I want to know the classification of income earned by CA student from providing coaching to juniors.
Please reply me at the earliest.
29 July 2014
it will be income from business only so where is the question of clasfication comes.
29 July 2014
Taxable under the Head Profit and Gains of Business or Profession.
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2014
Many people have advised me that part time income of student earning stipend income from coaching classes should be classified under the head IOS.
Please clarify.
Please clarify.
01 August 2014
Income received from coaching is not stipend income. It will taxable under the head PGBP only.
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