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