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??
Menu
Nature of business
Replies (5)
Other professional services
No it'll not come under professional services rather it'll be treated as business
Business
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.
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.
The Fitness training CENTRE income is PGPB as Business...
Recent Threads
- Resignation of Previous Auditor
- Summary of GST Notification 18/2025 (Effective 1 N
- Heard & Seen Around – Your Daily Economi
- ITC restriction for Food manufacturing units
- Consortium Partnership: GST and TDS query
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
Related Threads
CAclubindia
