event management
vijay mohan (182 Points)
14 September 2018
income from event management will come under what head. it is professional or business income
8 Replies
Ashwin Kumar
(1234 Points)
Replied 14 September 2018
Both the professional and business income are taxed under the head pgbp.
vijay mohan
(182 Points)
Replied 14 September 2018
my query it will come under what head. profession or business
Ashwin Kumar
(1234 Points)
Replied 14 September 2018
I think since event management does not involve any purchase and sale goods or any act of commerce but just personal skills and labour would do........its professional income....correct me if i am wrong.
rama krishnan
(12239 Points)
Replied 14 September 2018
professions specified under section 44AA only will be charged as professional income...
vijay mohan
(182 Points)
Replied 14 September 2018
under what head i will show in IT return.if it comes under professional income 44ADA will apply
rama krishnan
(12239 Points)
Replied 14 September 2018
according to my opinion, it'll be business and not profession
Rakesh AGarwal
(Partner)
(24 Points)
Replied 31 May 2021
I think its a service in nature of business. Profession is one with some professional qualification. all services do not come under profession
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