whether photo studio (wedding shoot also) income taxable as business or professional .?
(44AD OR 44ADA)
6 Replies
Priya Kashyap
(Student)
(7053 Points)
Replied 21 March 2019
pgbp
bcoz here he'll incurr expenses and earn revenue and take away profits from his photoshoot biz
bcoz here he'll incurr expenses and earn revenue and take away profits from his photoshoot biz
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 21 March 2019
Yes... It's under Professional head &
May be some of the view it will under Business** head...
&
Mr Abhishek.,
PGPB is also include business & Professional income. Both are under PGPB...
But, We can consider our income to which one as given above.
May be some of the view it will under Business** head...
&
Mr Abhishek.,
PGPB is also include business & Professional income. Both are under PGPB...
But, We can consider our income to which one as given above.
Venkatesh Ganta
(13 Points)
Replied 21 March 2019
It is chargeable as Profession under the head PGBP, but not as business as the term business is defined as any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce or manufacture
venkata krishna reddy
(chartered accountant)
(792 Points)
Replied 22 March 2019
| Originally posted by : Venkatesh Ganta | ||
 |
It is chargeable as Profession under the head PGBP, but not as business as the term business is defined as any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce or manufacture |  |
nice
(Guest)
| Originally posted by : ABHISHEK GUPTA | ||
|
whether photo studio (wedding shoot also) income taxable as business or professional .?(44AD OR 44ADA) | |
u/s 44AD
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