Type of business
This query is : Resolved
07 August 2014
My sister has income from interest received on lending money to some business houses (propritory business). The income is around 1.0 lakh. Additionally have car lease rent income of around 1.0 lakh.
In ITR-4, what shall be selected as nature of business in above case.
In ITR-4, what shall be selected as nature of business in above case.
07 August 2014
lending business shall be her main business and lease income is income from other sources and file itr-4
07 August 2014
ITR-4 ask for nature of business with some numeris code, what shall i select, lending business?
Nikhil Kaushik
(Expert)
08 August 2014
you can select two codes. if you dont find any code reflecting exact nature of your activities, you can choose residual codes.
codes reflecting closeness to your activities: 0806 money lending and 0809 - others for leasing activities
codes reflecting closeness to your activities: 0806 money lending and 0809 - others for leasing activities
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
