Business code in itr4
This query is : Resolved
22 August 2012
hello all.. i hv got some problem in filling itr4.... i hv a relative who is doing a business. he doesnt buy the goods himself, rather his customers order my relative for that... and my relative provides them those goods after adding his profit margin and makes the payment of cost to the original manufacturer..... he cant be treated as a commission agent becoz he is doing it on principal to principal basis and has no financial relation wid that original mfrer.. so wat will be the business code dat shud be filled in itr 4 ???? shud it be "trading-others" ???.... in answering my ques pls note dat my relative doesnt buy those goods on his own account but directly for his customers as per their orders... thanks in advance...
Amol S Joglekar
(Expert)
22 August 2012
yes . put it under OTHERS trading.
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