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Nature of business as per income tax
A person who has embroidery labor business. What nature of business shall be selected when he wills to file returns??
Replies (3)
Dear Vimal ,
If U not Maintaining books of Account of your Business. And recognise business income as per prsumtative taxation schme under saction 44AD of income tax act 1961.
Then,Select the business type Other, at the time of return filling of such business.
Thanks & Regard
Vineet Kumar
Contact-7770010353
Nature of business is a matter of individual judgement. You can select Service Sector - Others.
Thnx sir for reply
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