Nature of business in itr-3 - what to select ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2018
In addition to salary and bank interest,
an individual has Speculative business income from intra-day share trading profit.
No other income from any other business or profession.
What will be the code and description of business, to be selected, in ITR-3 ?
What to select in the field '' NATURE OF BUSINESS/PROFESSION '' - in ITR-3?
an individual has Speculative business income from intra-day share trading profit.
No other income from any other business or profession.
What will be the code and description of business, to be selected, in ITR-3 ?
What to select in the field '' NATURE OF BUSINESS/PROFESSION '' - in ITR-3?
24 July 2018
Seems most appropriate is 'other financial intermediation services n.e.c -- 13018' for want of correct sector and sub sector classification in the instructions to the said form.
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2018
Thanks Sir,. For your reply.
And what do you think about following ? :
Sector - Wholesale and Retail Trade ,
Sub Sector - Retail Sale of other products n.e.c.
Code - 09028
????
Is this suitable ?
And what, if , we do mistake in choosing such perfect nature of business sector, sub sector and code ?
Is there any provision for penalty, for such mistake ?
Should We worry about such mistakes, which are not made knowingly ?
And what do you think about following ? :
Sector - Wholesale and Retail Trade ,
Sub Sector - Retail Sale of other products n.e.c.
Code - 09028
????
Is this suitable ?
And what, if , we do mistake in choosing such perfect nature of business sector, sub sector and code ?
Is there any provision for penalty, for such mistake ?
Should We worry about such mistakes, which are not made knowingly ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
