Whether a person owing Gym Business is classified as professional ??
And as per new rule he will have to show 50 % of his gross receipts as Profit ?
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Section 44ad
Replies (5)
See profession or business depends on ur work
no he'll not qualified as professional
Agree with Mr Rama Krishnan
Y it will not be classified as Professional??
why it should be considered as profession? whether it's prescribed in section 44AA?
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