Tax case(plz help me crack)

CA Dhaval Ganatra (CA) (185 Points)

27 December 2010  

hi frnds this is Dhaval.

I have a frnd who is a qualified engineer nd works at a recognised IT firm

however he is even a DJ

and he earns a lot from his DJing stuff

i wanted to knw wheather DJing income shld fall under IFOS or PGBP

the thing i would lyk u to note is that income from djing is considerably large as much as 5 times of his salary.

I was of the view that it shold fall under PGBP

bt  he does nt hav ne professional degree in dis regards

he is a self-aclaimed professional

and its nt a onetime income

he has a long term view in this regards

so under which head shold it fall