REGARDING PENSIONAR

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accountant
564 Points Posted on 30 January 2020
RESPECTED ALL MEMBERS
ONE PERSON GOV.PENSIONAR AND ANUALLY PENSION 325000.
NOW PERSON CAN START BUSSINESS SO THIS BUSINESS INCOME ALLOWED OR NOT
AND WHICH ITR FORM FILED.
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On 30 January 2020 at 10:06 Report
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Quick Summary
This discussion clarifies whether a pensioner receiving an annual pension of £325,000 can start a business with those funds. It confirms that starting a business and earning income is absolutely permissible. The advice also specifies that the appropriate Income Tax Return (ITR) forms to file would likely be ITR 3 or ITR 4 Sugam.

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17269 Points Posted on 30 January 2020
You can very well start business with that money and earn business income. Absolutely allowed.
ITR form you may have to file ITR 3 or ITR 4 Sugam.
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On 30 January 2020 at 12:16
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accountant
564 Points Posted on 30 January 2020
Thank u very much pravin sir
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On 30 January 2020 at 12:35

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