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 ?
5 Replies
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 17 June 2018
See profession or business depends on ur work
rama krishnan
(12244 Points)
Replied 18 June 2018
why it should be considered as profession? whether it's prescribed in section 44AA?
Recent Topics
- Interest earned on deposits placed with corporates
- Pension Misclassification and Correction in ITR
- Failed to File SPL-02 before June 30th
- AIS Utility
- Fees receipts for Technical services ..income
- INTEREST WILL PAID
- GSTR-2A Shows 3B not filed but actually files
- Private Limited Company Strike Off (No Business in
- GST on forfeiture of Security Deposit
- Form16 shows investments as done - But I will go b
Related Threads
Trending Online Classes
CAclubindia
