TaxTMI 
TaxTMI 
defination of professionals under income tax act
Definitions - Professionals
23 Nov 2009 
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Definition of professional under income tax law clarifies income classification and withholding obligations for service providers.
The income tax definition of "professional" is inclusive, extending to vocation and notified professions, and thereby determines whether receipts (for example director's fees, commissions, tuition or part time freelancing) are taxed as Income from Business or Profession and whether payments for such professional services attract withholding obligations under the tax provisions. (AI Summary)
The income tax definition of "professional" is inclusive, extending to vocation and notified professions, and thereby determines whether receipts (for example director's fees, commissions, tuition or part time freelancing) are taxed as Income from Business or Profession and whether payments for such professional services attract withholding obligations under the tax provisions. (AI Summary)