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Nature of business

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

Akanlsha S.
C.A. Final Student 
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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??


JAI BHOLA   23 January 2020


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Other professional services


rama krishnan   24 January 2020

rama krishnan

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


CA Kiran Sutrave (CA)     26 January 2020

CA Kiran Sutrave
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Kapadia Pravin   26 January 2020

Kapadia Pravin

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

"Do the Right Thing...!!!" 
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The Fitness training CENTRE income is PGPB as Business...

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