Income classification
Agam Bhasin (B.Com (Hons) CA Final) (114 Points)
12 July 2013Agam Bhasin (B.Com (Hons) CA Final) (114 Points)
12 July 2013
Devendra
(Chartered Accountant)
(4775 Points)
Replied 12 July 2013
It should be taxable as Business Income.
Mihir
(Wealth Manager)
(5293 Points)
Replied 13 July 2013
Check the memorandum of association of the company. If this activity is one of their business, then it will be income from business and profession.