Nature of income

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Ashish Khillan (Querist)
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04 September 2017 profit earned by selling second hand mobiles is under which nature of bussiness income?

Amol S Joglekar (Expert)
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05 September 2017 it is trading business.....you can select retail trading

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Ashish Khillan (Querist)
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05 September 2017 trading other (204), if he sold without shop ?

Amol S Joglekar (Expert)
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06 September 2017 shop is NOT a decisive criteria......he can sell it from any where.

Ashish Khillan (Querist)
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06 September 2017 yess, trading other (204) is correct?

Amol S Joglekar (Expert)
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06 September 2017 204 is fine.No problem. You can go ahead.

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Ashish Khillan (Querist)
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06 September 2017 yesss thank you Sir

Amol S Joglekar (Expert)
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06 September 2017 you are most welcome.....

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