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income from event management will come under what head. it is professional or business income
Replies (8)
Both the professional and business income are taxed under the head pgbp.
my query it will come under what head. profession or business
I think since event management does not involve any purchase and sale goods or any act of commerce but just personal skills and labour would do........its professional income....correct me if i am wrong.
professions specified under section 44AA only will be charged as professional income...
under what head i will show in IT return.if it comes under professional income 44ADA will apply
according to my opinion, it'll be business and not profession
YES IT CAN COVER UNDER 44ADA
I think its a service in nature of business. Profession is one with some professional qualification. all services do not come under profession
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