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Section 44ad

Tax queries 309 views 5 replies

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 ?

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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