TaxLab (Article Assistance ) (137 Points)
18 May 2018Hey,
I am providing a Tution Classess to student and reseived income form them, Tution classess is my main activity to earn my income. Income earn from tution Classess is taxable as per Section 44AB in Income from bussiness & profession.
Guide me whether providing tution classess is a profession activity or bussiness activity.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 18 May 2018
professional income and yes u can show
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177964 Points)
Replied 18 May 2018
The new business code for AY 2018-19..........
17006-Coaching centres and tuitions............ is under services........ which falls under profession...
TaxLab
(Article Assistance )
(137 Points)
Replied 18 May 2018
Thank you sir for your valuable answer.
Can you please suggest me any reference material for this provision/changes.
CAclubindia
