https://www.taxtmi.com/forum/issue?id=116330 Whether non-specified professions (e.g., sports coaches, tutors, freelancers) can adopt the business presumptive regime depends on characterisation of the activity as an eligible business. Grounds for adopting include the business provision covering gross receipts and a specific exclusion for specified professions; opposing grounds rest on the provision referring to business rather than business or profession. Respondents advised that if the activity qualifies as an eligible business, it may be treated as business income and the business presumptive regime may be adopted. en-us Thu, 28 May 2020 12:12:49 +0530 Thu, 23 Jan 2025 15:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116330 Whether non-specified professions (e.g., sports coaches, tutors, freelancers) can adopt the business presumptive regime depends on characterisation of the activity as an eligible business. Grounds for adopting include the business provision covering gross receipts and a specific exclusion for specified professions; opposing grounds rest on the provision referring to business rather than business or profession. Respondents advised that if the activity qualifies as an eligible business, it may be treated as business income and the business presumptive regime may be adopted. Discussion-Forum Income Tax Thu, 28 May 2020 12:12:49 +0530 https://www.taxtmi.com/forum/issue?id=116330