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Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2010 Dear Friends,

Will a Politician be considered as a businessman or a professional for the purpose of filing his IT returns u/s 44AB ?

Thanks in Advance.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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04 March 2010 Income received by politicains is taxed under the head income from other sources i. e. income received from parliament. So where is the question of his income being business income in the first case?

Zeeshan

Zeeshan (Expert)
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04 March 2010 Dear Anonymous Freind,
Depend upon the source of income.
If disclosed:
remuneration and sitting fees:other source
if he is doing business or in any profession other than politics: PGBP

if undisclosed : To bhagwan hi malik hai...!!!!!

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