Meaning of 'profession" as per income tax act, 1961

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Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2012 I would like to know wheather 'Teaching' is included in the defination of 'Profession' as per I. T. Act, 1961.??

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Sunny Sonwal (Expert)
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04 December 2012 No, Teaching is not included in the definition of 'Profession' under IT Act.

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Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2012 So benifit of 44AD will received by Teaching Business??

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