Money lending business in which head for income tax return

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VIKAS KUMAR SHARMA (Querist)
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07 October 2020 money lending business on small level by individual in which head for income tax return.
can be covered US 44AD?
regards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 October 2020 Money lending is not excluded from the purview of Section 44AD, and therefore, money lending business is eligible business for section 44AD

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VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)
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08 October 2020 thanks! for prompt reply SIR
what will be nature of business code under income tax ?
if does not registered under any act for above activity, any issues ?
regards

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)
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10 October 2020 thanks! for prompt reply SIR
what will be nature of business code under income tax ?
if does not registered under any act for above activity, any issues ?
regards

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)
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12 October 2020 Seetharaman SIR need your kind advise
what will be nature of business code under income tax ?
if does not registered under any act for above activity, any issues ?
regards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 October 2020 0806 Financial Service Sector [Money Lenders]

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)
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13 October 2020 thank you very much SIR

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