One of my client is in buisiness of yoga teaching.He have a proproetor concern as wela a partnership firm.They teach yoga with the help of yoga teachers. Will they come in buisiness catogory or professional catogory for Tax Audit purpose???
2 Replies
Dixit
(CA Final)
(2405 Points)
Replied 13 September 2014
I think its a Business category for tax audit purpose.
B.Arulmani
(Chartered Accountant)
(221 Points)
Replied 14 September 2014
He is a Yoga Teacher & doing it as business, so his income should be treated as like as any other busines income
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