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Tax queries 144 views 2 replies
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528 Points Posted on 07 October 2017

MY CLIENT IS A  PARTNERSHIP FIRM WHOSE BUSINESS  IS RELATED TO SPORTS. THEY HIRE TENNIS PLAYERS TO TRAIN CHILDREN AND ORGANISE  SPORTING EVENTS. WILL IT BE COVERED UNDER BUSINESS OR PROFESSION? CAN I APPLY 44 AD INSTEAD OF 44ADA?

THANKS

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On 07 October 2017 at 16:36 Report
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1234 Points Posted on 07 October 2017
the question itself has the answer....profession relates to earn income using personal skill like doctors ,lawyer,chartered accountant.....here your client is doing the business of sports training by hiring tennis players to teach children they are being paid salary.....which of course is a business
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On 07 October 2017 at 18:08
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179 Points Posted on 08 October 2017
it's a business , he can apply for 44AD and get benefits .
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On 08 October 2017 at 09:59


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