Business Income or Profession Income
Jatin (Accountant) (3479 Points)
29 August 2018I want to file ITR - 4
krishnamohan
(sr.auditor)
(49 Points)
Replied 13 June 2019
income from business
you are doing consultancy business. so, its treated as income from business
Your should submit ITR-3
Haider Badshah
(11 Points)
Replied 17 September 2019
Haider Badshah
(11 Points)
Replied 17 September 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 17 September 2019
1. For the purpose of considering the income under the head profession, the service should have been very unique and it should be specific.
2. There is nothing unique and specific in case of the supply of manpower supply.
3. Hence, income from manpower supply will be considered as business income and relevant ITR in case of the above income would be ITR 3 for the AY 2019-20.
Please correct me if the above solution has an alternative view.