Yoga classes
This query is : Resolved
Quick Summary
Sanjay Budhiraja
(Querist)
21 December 2022
Hello All
How are you.. hope all is fine.
I want to take advise..
In HUF if one shows yoga classes as business income. Is it advisable to show.
As per my belief if it is shown then it is treated as exempt income and the member will show as a other sources income.
Pl advise whether I am right way. Or something else can be done.
Regards
How are you.. hope all is fine.
I want to take advise..
In HUF if one shows yoga classes as business income. Is it advisable to show.
As per my belief if it is shown then it is treated as exempt income and the member will show as a other sources income.
Pl advise whether I am right way. Or something else can be done.
Regards
CA R SEETHARAMAN
(Expert)
22 December 2022
Yoga class income is exempt only for charitable trust.
Sanjay Budhiraja
(Querist)
22 December 2022
Sir can we show as business income of HUF .. pl confirm.
CA R SEETHARAMAN
(Expert)
22 December 2022
Yes, it can be shown as business/professional income.
Sanjay Budhiraja
(Querist)
22 December 2022
Sir what documents or papers required to be kept for return purpose. Pl confirm.
CA R SEETHARAMAN
(Expert)
22 December 2022
Payment vouchers and receipt vouchers required.
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