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Income from school

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(Querist)
05 May 2012 Mr. A ,the director cum proprietor of XYZ School.Will his income from school is business income or profession income?
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
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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