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Heads of income

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(Querist)
28 November 2013 under which head the Income from xerox center will comes give with reason.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
28 November 2013 Xerox center is a business setup. Income under the head PGBP- (Business Income) will come. Reason- The head PGBP is a specific head for profits and gains of Business or Profession.
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Ganeshbabu K

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Ganeshbabu K (Expert)
28 November 2013 it is business
.
.
and hence chargeable to tax under head profit and gains from business or profession
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