An assessee who runs a X ray business in without registering proprietorship firm.Can he file ITR 4s???? is it consultancy /business????
& what will be the "nature of business" code???
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income tax query
Replies (3)
Is the technician hired or owner himself a professional doctor/technician?
owner and also hired technician
If owner himself is professionally qualified, it will be income from profession ( head PGBP), can be assesed u/s. 44ADA, if within specified turnover; thus can file ITR 4S, and business code '0607'
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