Comes under business or profession which code mentioned

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ARCHANA (Querist)
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10 June 2015 sir

overseas education consultancy it comes business or profession, which code mentioned in itr form nature of business column , so i request you kindly help me.

Thanking you

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 June 2015 should come under profession. use the residual code for professions. 0607

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ARCHANA

ARCHANA (Querist)
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17 June 2015 overseas educational consultancy is running under partnership firm, the same firm we treat professional and the same code mention in ITR 5 Form. it is ok or not

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 June 2015 the code should remain same irrespective of the nature of entity. what matters are the activity undertaken

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ARCHANA

ARCHANA (Querist)
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17 June 2015 sir,

Net profit Percentage on gross receipts for firms how much % we mention,

Thanking you

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 June 2015 dear archana..that is for you to decide as a consultant...thats the part of your value creation to the client..

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