Profession vs. business

Dear Poornima,

 Thanks for your reply but this weblink is not available can you please direct me further for my query.

Thanks a Lot Jyotsna G

Can you further guide me if few persons get togesther and start providing professional services in the above case then will it be called a business ?

:-)

Okay :-)

but as per income tax act the definition of profession nd business is as per the photo attached (in PDF) herewith and in my all cases no trading, manufacturing and commercial activities are taken.

so will all the three cases come under 44 AD ?

please reply...!!!

:-)

let me explain this-

as per section 44AD(6) , The provisions of this section, notwithstanding anything contained in the foregoing provisions, shall not apply to—

(i) a person carrying on profession as referred to in sub-section (1) of section 44AA; 

(ii) a person earning income in the nature of commission or brokerage; or

(iii) a person carrying on any agency business.

(and for section 44AA (1) ,profession includes legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as is notified by the Board.)

actually m confused whether it is business or profession but no matter what we call it ( Profession or business) , in both ways you can choose for section 44AD in all above case.

Hope u got what i actually mean

Okay...!!

Thanks a lot Jyotsna and yeah i got what you mean to say..!!

:-)