Whether supply of labour is business or profession?
Business or profession
Pooj@ *$#& (CA Final Student) (108 Points)
30 August 2011
11 Replies
CA. Sidharth Sahni
(CA)
(47 Points)
Replied 30 August 2011
Hi
Its a business. The person supplying the labour can be any person and need not be a professional. Its not a profession as specified u/s 44AA(1) of the Income Tax Act, 1961.
Profession will be considered for only CAs, CSs, doctors etc
Regards
CA. Sidharth Sahni
Pratik Shah
(Articeled Clerk)
(38 Points)
Replied 30 August 2011
proefession is rendering special service so it is buisness
Anand Pardeshi
(CA Final)
(530 Points)
Replied 30 August 2011
Agreed.....
it is Business point.. supply of labour hav no space in serivces,prof....
(Guest)
| Originally posted by : CA. Sidharth Sahni | ||
 |
Hi Its a business. The person supplying the labour can be any person and need not be a professional. Its not a profession as specified u/s 44AA(1) of the Income Tax Act, 1961. Profession will be considered for only CAs, CSs, doctors etc Regards CA. Sidharth Sahni |
 |
agree with CA sidharth sahni
Deepak
(dsd)
(32 Points)
Replied 31 August 2011
Definitely it is bussiness
as per my concern Profession need a specific knowledge and training and supply of labour need not to have any specific knowledge hence it can be saod that supply of labour will be covered unedr bussiness perspective and not with profession
Dheeraj
(Learner)
(1100 Points)
Replied 31 August 2011
Suppy of Labour do not require any proffessional qualification
Therefore it should be Business
A.Barli
(Article)
(216 Points)
Replied 31 August 2011
Kindly explain the implications of it being business or profession.
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