krishna (Chartered Accountant) (39 Points)
12 June 2018Can anyone tell me the business code to be discloed in ITR 3 for Speculation Business?
I also want to know whether in case of filing return of partner, is it required to mention business code?
Thank You.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193771 Points)
Replied 12 June 2018
1. Speculative business can be product or goods specific, but in general '13018' can be useful.
2. Code of firm not necessary. Code to be mentioned if partner is also doing the business under proprietorship.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193771 Points)
Replied 13 June 2018
Most Welcome, Dear ........
CA Naveen Chand
(Chartered Accountant)
(12739 Points)
Replied 17 July 2018
sorry to override Mr. Dhirajlal Rambhia Sir
but these codes starting 130... for intermediateries (brokers) and not for person investing in stock as speculative
sir refer appropriate business code
J S BHAVSAR
(CONSULTING)
(1288 Points)
Replied 17 July 2018
From legal terminology perspective, is housewife conducting a home tuitions is that a "Business" or "Profession"?
Prachi Bansal
(3134 Points)
Replied 02 April 2021
I have the same question?
Housewife conducting home tuitions is 'Business' or 'Profession'?
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