HAI
IF THE PERSON IS HAVING INCOME UNDER SPECULATIVE BUSINESS THEN WHICH BUSINESS CODE TO BE CHOOSEN IN THE INCOME TAX RETURNS?
siva andhavarapu (ca final) (388 Points)
18 July 2018HAI
IF THE PERSON IS HAVING INCOME UNDER SPECULATIVE BUSINESS THEN WHICH BUSINESS CODE TO BE CHOOSEN IN THE INCOME TAX RETURNS?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 18 July 2018
For Which product or commodity ?
siva andhavarapu
(ca final)
(388 Points)
Replied 19 July 2018
sir
it was puchase and sale of shares in the nature of speculation.so it was under speculation business.for that i required buisness code
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 19 July 2018
For such activity.... department has not allotted exact code till date.......
So, people are using ...... '13015' .....
siva andhavarapu
(ca final)
(388 Points)
Replied 19 July 2018
sir
but it relates to stock broking serivces.so how to justify it?
siva andhavarapu
(ca final)
(388 Points)
Replied 19 July 2018
sir
but it relates to stock broking serivces.so how to justify it?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 19 July 2018
It also covers...... 'AND related activities'...... & otherwise no better option ....
siva andhavarapu
(ca final)
(388 Points)
Replied 23 July 2018
SIR
Y CANT WE USE INVESTMENT ACTIVITIES INSTEAD OF BROKERS,SUBBROKERS CODE
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160342 Points)
Replied 23 July 2018
All are relative codes, none exact...... and practically it will not matter much as all fall under ' 'service' i.e. business activity.
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