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business or profession

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(Querist)
22 August 2010 My Client is running body builtup health training centre and collecting fee as service charges on monthly basis, (i) wheather this collection charges is income from business or profession (ii) it includes "specified profession" or not.
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Jitender

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Jitender (Expert)
22 August 2010 it is not a specified profession. It is a business activity.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
22 August 2010 yes its only business income.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
03 October 2021 Even though it is treated as business income. but not allowed to be assessed u/s.44AD of the act.

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