whether photo studio (wedding shoot also) income taxable as business or professional .?
(44AD OR 44ADA)
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PGPB OR PROFESSIONAL INCOME
Replies (6)
professional income
pgbp
bcoz here he'll incurr expenses and earn revenue and take away profits from his photoshoot biz
bcoz here he'll incurr expenses and earn revenue and take away profits from his photoshoot biz
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.
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.
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
| 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 |  |
nice
| Originally posted by : ABHISHEK GUPTA | ||
|
whether photo studio (wedding shoot also) income taxable as business or professional .?(44AD OR 44ADA) | |
u/s 44AD
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