What should be Nature of business on ITR 3 form for FY 2017/18?


#1

Nature of business code which 0204 - Trading:Others last year seems to be not available on ITR3 form this year. What code should I use?


Most Relevant code for Nature of Business ITR 3 AY 18-19
#2

Yeah, selecting the right code for Nature of business onITR3 form this year is a little tricky. I think it should be 130010 - Financial Intermediation/Investment activities.

The reason being other categories might need GST registration.

Do checkout taxation module on Varsity.


#3

Casinos and other games of chance-10011 looks even more appropriate :joy:


#4

True … only Casual Income are taxed at Straight 30% if we use Casino & other Games. :rofl:


#5

used 09028 = retail sale of other products

not sure if that is right


#6

With no available input on clear identification we can put this as well and wait when we get 143(1) ie processing of IT returns.