Hey,
I am providing a Tution Classess to student and reseived income form them, Tution classess is my main activity to earn my income. Income earn from tution Classess is taxable as per Section 44AB in Income from bussiness & profession.
Guide me whether providing tution classess is a profession activity or bussiness activity.
professional income and yes u can show
The new business code for AY 2018-19..........
17006-Coaching centres and tuitions............ is under services........ which falls under profession...
agreed !!
Thank you sir for your valuable answer.
Can you please suggest me any reference material for this provision/changes.
CAclubindia
