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vijay mohan   14 September 2018

event management

income from event management will come under what head. it is professional or business income


 8 Replies

Ashwin Kumar

Ashwin Kumar   14 September 2018

Both the professional and business income are taxed under the head pgbp.

vijay mohan

vijay mohan   14 September 2018

my query it will come under what head. profession or business
Ashwin Kumar

Ashwin Kumar   14 September 2018

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.

rama krishnan

rama krishnan   14 September 2018

professions specified under section 44AA only will be charged as professional income...
1 Like
vijay mohan

vijay mohan   14 September 2018

under what head i will show in IT return.if it comes under professional income 44ADA will apply
rama krishnan

rama krishnan   14 September 2018

according to my opinion, it'll be business and not profession
Neeraj Agarwal

Neeraj Agarwal (business)     31 March 2019

YES IT CAN COVER UNDER 44ADA 
 

Rakesh AGarwal

Rakesh AGarwal (Partner)     31 May 2021

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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