Income from school
This query is : Resolved
Saurabh Maheshwari
(Querist)
05 May 2012
Mr. A ,the director cum proprietor of XYZ School.Will his income from school is business income or profession income?
05 May 2012
It will be business income. If he himself teaches in the school, then the salary he withdraws shall part form of salary and the profit he earns from the school shall be business income.
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