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Assessment of Income

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(Querist)
27 January 2010 Income of an artist/painter is assessable under which head?As Business Income or as profession.Whether there are any special deductions available to such an assessee?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
27 January 2010 It is coming under Profession and there is no special deductions only usual deductions
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
28 January 2010 It should be taxed under Income from Profession as this work demands special skills.
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