https://www.taxtmi.com/forum/issue?id=114252 Classification for the income tax return should follow the company's principal business activity: the entity carries on shares trading, lends to a subsidiary and others, and invests in debentures and mutual funds, and must therefore select the Nature of Business code(s) that best reflect its dominant commercial activity or, if necessary, record multiple appropriate codes while disclosing all material activities. en-us Sat, 20 Oct 2018 12:19:36 +0530 Thu, 23 Jan 2025 15:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114252 Classification for the income tax return should follow the company's principal business activity: the entity carries on shares trading, lends to a subsidiary and others, and invests in debentures and mutual funds, and must therefore select the Nature of Business code(s) that best reflect its dominant commercial activity or, if necessary, record multiple appropriate codes while disclosing all material activities. Discussion-Forum Income Tax Sat, 20 Oct 2018 12:19:36 +0530 https://www.taxtmi.com/forum/issue?id=114252