Under which head income from beauty parlour shall fall
1. Other sources or
2. 44AD
the income is below 2,50,000
value is not a matter as per above...
The said income can be treat u/s 44ad
10 Replies
Pankhuri Jain
(student )
(48 Points)
Replied 27 July 2019
will it be treated as business or profession
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 27 July 2019
Yes... It can be treated as business...
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 27 July 2019
it wil be treated as professional income
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 27 July 2019
Beauty Parlour income can't be treat under professional nature...!
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 27 July 2019
why. is there any provision in the act
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 27 July 2019
No more provision as per my view and no more specified as professional income...
it's doing many guys without professional nature as per sec 44ADA...
In case any reason it will under sec 44ADA then please give the details...
it's doing many guys without professional nature as per sec 44ADA...
In case any reason it will under sec 44ADA then please give the details...
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 28 July 2019
1. For a service to be considered as a profession it must be very specific to an individual and unique and it should involve an application of his specialized skill and knowledge.
2. Merely because the activity has attributes of a professional it cannot be considered a profession.
3. In the case of beautician services, it involves applying make ups and preparing for an event. This service cannot be equated to fashion designing or any other creative work to be considered a profession.
4. However, a contrary view may also be possible. In the case of CIT P. Stanwill & Co. vs. CIT (supra) it was held that a profession should involve "that a certain amount of skill and knowledge is required in every business; in a profession, it is required in a larger degree though that may not be the sole criterion for judging whether a particular business is a profession or not"
5. But in my view, it cannot be considered a profession. However, there is no express provision to back my view.
Please correct me if the above interpretation has an alternative view.
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