Income Tax Return

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If a person has his main income from purchase and sale of land what whould be the nature of business code?
Replies (4)
REAL ESTATE AND RENTING SERVICES Purchase, sale and letting of leased buildings (residential and non-residential) 07001 Operating of real estate of self-owned buildings (residential and non-residential) 07002 Developing and sub-dividing real estate into lots 07003 Real estate activities on a fee or contract basis 07004 Other real estate/renting services n.e.c 07005
Sir whould the nature of bussiness code be 07005 for purchase and sale of land bussniess?
YES Other real estate/renting services n.e.c 07005

Dear Sir, 

If assesse opted the " Other real estate/renting services n.e.c 07005 " is there there any CST Rules applicable ?

 


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