Classification of income

V.Ramachandran (Proprietor) (49 Points)

29 November 2013

Is income of a frelaance chess coach to be classified under income from profession or other sources ?

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7 Replies

Mihir (Wealth Manager) (5293 Points)
Replied 29 November 2013

Income from business/profession.

Sivaguru SM (Tax Consultant) (235 Points)
Replied 29 November 2013

Chess coach falls under Professional income

brijesh (student) (30 Points)
Replied 29 November 2013

If ur a professional and as u r giving coaching of chess it will be a professional income So it will be income from PGBP(business profession)

Karuna (CA Professional) (196 Points)
Replied 29 November 2013

It is a profession so it will be classified under Income from business/profession

Manoj Pandit (student) (139 Points)
Replied 30 November 2013

Agreed with above comments..

V.Ramachandran (Proprietor) (49 Points)
Replied 01 December 2013

Thanks a lot to all those who replied in clear terms

Thanks and regards

V.Ramachandran

*RENU SINGH * (✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ ) (21627 Points)
Replied 01 December 2013

Income from PGBP.

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