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Akanlsha S. (C.A. Final Student)     23 January 2020

Nature of business

My friend run a fitness training centre.
What will be the nature of business for dance and fitness centre? will it fall under other professional services or under coaching centre and institutions??


 5 Replies

JAI BHOLA

JAI BHOLA   23 January 2020

Other professional services
rama krishnan

rama krishnan   24 January 2020

No it'll not come under professional services rather it'll be treated as business
CA Kiran Sutrave

CA Kiran Sutrave (CA)     26 January 2020

Business
Kapadia Pravin

Kapadia Pravin   26 January 2020

Income will be taxable under PGBP.

There is no business type activity (sale purchase). So it's providing services.

And services are also inhouse and customers avail it considering it as training and fitness centre providing such services by experts in this field.

And hence it's correct to classify it as other professional services.
RAJA P M

RAJA P M ("Do the Right Thing...!!!")     26 January 2020

The Fitness training CENTRE income is PGPB as Business...

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