If a private limited company is providing consultancy services,any income from it is treated as Income From Profession or Income From Business??
Income from business or profession??
Mahesh Reddy K (Bangalore) (65 Points)
18 September 2013Mahesh Reddy K (Bangalore) (65 Points)
18 September 2013
If a private limited company is providing consultancy services,any income from it is treated as Income From Profession or Income From Business??
CA. Kunal Lakhotia
(ACA)
(1006 Points)
Replied 18 September 2013
it is business income, whether its in nature of service
Mihir
(Wealth Manager)
(5293 Points)
Replied 18 September 2013
Company is a juristic person, and not a citizen or natural person. So business income.