Profession or business

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2015 consulting service for providing export license is to be Considered under business income or profession Income ??????

26 March 2015 yes it is income from profession only.

26 March 2015 it is profession income... u r not selling purchasing anything in that... u providing services

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 March 2015 hello to all If there is partially a business income and partially profeesional income and turnover is RS 40 lakhs weather audit is applicable

26 March 2015 then for business check whther its crossing 1 crore or not and seperately for profession for rs 25 lakhs but cannot combine and check


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