Nagarjun (Chartered Accountant - Job) (62 Points)
22 December 2009Income from Placement sevices is a professional income or Business income for getting the Audit report if the income is less than Rs.40 lakhs
Vivek Jarial
(Student)
(272 Points)
Replied 22 December 2009
no a professional income it is business income..
CA Jayesh Gokalgandhi
(CA in Industry)
(126 Points)
Replied 22 December 2009
It will be treated a Income from Business (refer section 2(36) for definition of profession)
CA Devanshi Gandhi (Ajani)
(FCA DISA Mcom CIFRS & LLB)
(9058 Points)
Replied 22 December 2009
its a business income
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
