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Taxability of Sports coaching academy

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Sambhaji

Self employed

23 Points Posted on 09 October 2021

Hi one of my friend has asa coaching academy. I want to know whether he can apply presumptive income provisions and file ITR 4?

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Quick Summary

This discussion explores whether a sports coaching academy can utilise presumptive income provisions and file under ITR 4. The consensus suggests it's possible, but the key distinction is whether it falls under 'business' or 'profession' for tax filing purposes. The advice leans towards classifying it as a profession.