Under which head of income show income from cooking classes (For Women) in ITR????????? Income is only from cooking classes, no other source of income.
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Income from cooking classes
Replies (7)
you can show it as under Income from Profession.(PGBP)
you can show it as under Income from Profession.(PGBP )
Showing it under the head Income from Profession would be beneficial as you can claim deduction of expenses directly related to earning the income from cooking classes; which you will not be able to claim if you show it under Income from other sources.
I f own coaching centre then show it as business & profession income.
If associated as an employee of coaching centre then show it as income from salary.but it will not be shown as income from other sources in any case.
its income under the profits and gains from business and profession
and this vocational income
Mr rachit & karan. answer is very clear, that income from any tpye own business or profession cone under the head income from business & profession and if you are receivng the salry, than it comes under the head salry income
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