Nature of business in itr-3 - what to select ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2018
In addition to salary and bank interest,
an individual has Speculative business income from intra-day share trading profit.
No other income from any other business or profession.
What will be the code and description of business, to be selected, in ITR-3 ?
What to select in the field '' NATURE OF BUSINESS/PROFESSION '' - in ITR-3?
an individual has Speculative business income from intra-day share trading profit.
No other income from any other business or profession.
What will be the code and description of business, to be selected, in ITR-3 ?
What to select in the field '' NATURE OF BUSINESS/PROFESSION '' - in ITR-3?
24 July 2018
Seems most appropriate is 'other financial intermediation services n.e.c -- 13018' for want of correct sector and sub sector classification in the instructions to the said form.
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2018
Thanks Sir,. For your reply.
And what do you think about following ? :
Sector - Wholesale and Retail Trade ,
Sub Sector - Retail Sale of other products n.e.c.
Code - 09028
????
Is this suitable ?
And what, if , we do mistake in choosing such perfect nature of business sector, sub sector and code ?
Is there any provision for penalty, for such mistake ?
Should We worry about such mistakes, which are not made knowingly ?
And what do you think about following ? :
Sector - Wholesale and Retail Trade ,
Sub Sector - Retail Sale of other products n.e.c.
Code - 09028
????
Is this suitable ?
And what, if , we do mistake in choosing such perfect nature of business sector, sub sector and code ?
Is there any provision for penalty, for such mistake ?
Should We worry about such mistakes, which are not made knowingly ?
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