beauty parlour is a profession or business
This query is : Resolved
09 November 2009
sir
a person carrying a beauty parlour. his/her income a professional income or business income and specified the code no. as per the income tax
a person carrying a beauty parlour. his/her income a professional income or business income and specified the code no. as per the income tax
09 November 2009
Its Business....None of Law specifies it as a profession
10 November 2009
It may be termed as profession since the man working their have specialized knowledge. However if any person appoints others for working in his parlour it will be regarded as business
10 November 2009
My view is, it comes under 'business' because in beauty parlour consumption of
materials are involved where as in profession it is not.
materials are involved where as in profession it is not.
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10 November 2009
AGREE WITH MR.WARRIER.
10 November 2009
I agree with Mr. Chakrapani. it shud be business
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