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PGPB OR PROFESSIONAL INCOME

705 views 6 replies

ABHISHEK GUPTA

CA ARTICLE

115 Points Joined July 2014

whether photo studio (wedding shoot also) income taxable as business or professional .?
(44AD OR 44ADA)

Replies (6)

Giridhar S Karandikar

Team Lead

7558 Points Joined November 2011

professional income

Priya Kashyap

Student

7053 Points Joined February 2019

pgbp
bcoz here he'll incurr expenses and earn revenue and take away profits from his photoshoot biz

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Yes... It's under Professional head &

May be some of the view it will under Business** head...
&
Mr Abhishek.,
PGPB is also include business & Professional income. Both are under PGPB...
But, We can consider our income to which one as given above.

Venkatesh Ganta

13 Points Joined November 2018

It is chargeable as Profession under the head PGBP, but not as business as the term business is defined as any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce or manufacture

venkata krishna reddy

chartered accountant

792 Points Joined January 2013

Originally posted by : Venkatesh Ganta
	It is chargeable as Profession under the head PGBP, but not as business as the term business is defined as any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce or manufacture