income of which sec.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 December 2010
some one tell me that a person who is priest and his income from the astrologies and other activities . a want to know that wt is the sec. for such type income and which itr will be suitable for that .
11 December 2010
Under the head business or profession, since this is a professional income.
Nikhil Kothari
(Expert)
12 December 2010
If he is professionally engaged in this activity, then the income will be charged to tax under the third head of income i.e., Profits or Gains from Business or Profession.
Or if he is occasionally engaged in this activity, then the income will be charged under the last head of the income i.e., Income from Other Sources.
Or if he is occasionally engaged in this activity, then the income will be charged under the last head of the income i.e., Income from Other Sources.
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