Hope some CSers can advise onthis...
I was wondering if a company is interested in your work and decides to pay U an indisclosed amount to photograph a few corporate events or product shoot, would this be treated as extra income? So is the cash paid from taking up part-time photography assignments taxable?
If not, why? Isit because the sale is private between the seller & buyer?
Or isit because it is viewed that you are selling a 'product'. As if selling a 2nd hand good and people pay U cash.
If it is, what are the ways to go about it? How would this apply if the photographer was a student?