This discussion explores whether income from yoga classes should be declared as business income within a Hindu Undivided Family (HUF). While generally exempt income is for charitable trusts, it's confirmed that yoga class income can be shown as business or professional income for an HUF. Payment and receipt vouchers are recommended as supporting documents for tax return purposes.
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