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Is TV show anchoring a profession?

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Rashmi

22 Points Posted on 14 April 2021

Can TV show anchor claim the gross receipts or income from anchoring as profession u/s 44AA?

Replies (5)

Quick Summary

This discussion examines whether TV show anchoring can be classified as a profession for tax purposes, specifically under Section 44AA of the Income Tax Act. Participants debate whether anchoring, with its required skills and training, fits the definition of a profession, especially when there's no employer-employee relationship. The consensus leans towards it being a profession, akin to other vocations like artists or singers.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 14 April 2021

I think the anchor is profession so income can be claimed u/s 44AA

Tarak Shah

Chartered Accoutants

105 Points Posted on 14 April 2021

A paid occupation, especially one that involves prolonged training and a formal qualification, so it can be said as profession. Subject there is no employer employee relationship.