What category of mybusiness under business or profession
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2015
Sir/madam,
I am namburu mahesh Running A business and also salary employee but mybusiness running by myparents and i want clarification of which categary of business (i.e.business provides seeds convert to powder and mirches convert to mirche powder not only for those two but also including others )why because i want apply for credit card and also personal loan ,pending for last 3years returns.
pls suggest me which itr comes under and
also catogary comes.
regards,
mahesh.namburu
9618245763.
I am namburu mahesh Running A business and also salary employee but mybusiness running by myparents and i want clarification of which categary of business (i.e.business provides seeds convert to powder and mirches convert to mirche powder not only for those two but also including others )why because i want apply for credit card and also personal loan ,pending for last 3years returns.
pls suggest me which itr comes under and
also catogary comes.
regards,
mahesh.namburu
9618245763.
09 July 2015
What you are doing is business only not profession. You can file ITR 4S if you are opting for 44AD and your turnover is 1 crore or less.
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