Client received brokerage from builder and he deducted tds under 194h. Under which buisness code I will show income?
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Brokerage from builder
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Business code means.
commision is deductible at source at the rates as defined in income tax act 1961.
commision is deductible at source at the rates as defined in income tax act 1961.
"09005" ................
he must have shown the nature of business as a real estate broker code 07004-Real estate activities on a fee or contract basis, income is to be shown in the profit and loss account under Other income 14 ii as Commission
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