Code for business

ITR 505 views 8 replies

HAI

IF THE PERSON IS HAVING INCOME UNDER SPECULATIVE BUSINESS THEN WHICH BUSINESS CODE TO BE CHOOSEN IN THE INCOME TAX RETURNS?

Replies (8)

For Which product or commodity ?

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

For such activity.... department has not allotted exact code till date.......

So, people are using ...... '13015' .....

sir

but it relates to stock broking serivces.so how to justify it?

sir

but it relates to stock broking serivces.so how to justify it?

It also covers...... 'AND related activities'...... & otherwise no better option ....

SIR

Y CANT WE USE INVESTMENT ACTIVITIES INSTEAD OF BROKERS,SUBBROKERS CODE

 

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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