MY CLIENT IS A PARTNERSHIP FIRM WHOSE BUSINESS IS RELATED TO SPORTS. THEY HIRE TENNIS PLAYERS TO TRAIN CHILDREN AND ORGANISE SPORTING EVENTS. WILL IT BE COVERED UNDER BUSINESS OR PROFESSION? CAN I APPLY 44 AD INSTEAD OF 44ADA?
THANKS
2 Replies
Ashwin Kumar
(1234 Points)
Replied 07 October 2017
the question itself has the answer....profession relates to earn income using personal skill like doctors ,lawyer,chartered accountant.....here your client is doing the business of sports training by hiring tennis players to teach children they are being paid salary.....which of course is a business
Srikanth Yekkaldevi
(179 Points)
Replied 08 October 2017
it's a business , he can apply for 44AD and get benefits .
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