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Nature of Business or profession Filling in ITR 3- Regarding
I have Property Income, Other Sources Income and Interest from partnership firm for Capital and Current A/c only.I would like to know which code I fill in column Nature of Business or profession and shall I fill three codes because I had partner in three firms.Kindly Clarify.
Replies (3)
Your partnership details is filled in 'Schedule IF' of ITR3, where it is not required to fill any business code.
No need to fill business code unless you have any proprietorship business/profession.
Thanks for Immediate response but in ITR 3 return that column is mandatory and to fill that column through drop down option.
select '00001' 'Share of Income from firm only' ...
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