NAGESWARAN (ACCOUNTANT) (834 Points)
20 July 2019
siddhesh
(si)
(198 Points)
Replied 20 July 2019
Dear Sir,
Doing Finance Business is legal when he carry out their business by taking License from RBI. But In Income tax there is no differnce between legality and illgality both are trated as equal for income tax act purposes.
In this case he can file a ITR 3 because its a business income .
siddhesh
(si)
(198 Points)
Replied 20 July 2019
Dear Sir,
Doing Finance Business is legal when he carry out their business by taking License from RBI. But In Income tax there is no differnce between legality and illgality both are trated as equal for income tax act purposes.
In this case he can file a ITR 3 because its a business income .
NAGESWARAN
(ACCOUNTANT)
(834 Points)
Replied 21 July 2019
CAclubindia
