Hello there
I have two business currently. One is a construction company which is a private limited in which I am the managing director and my wife is one of the director. My second business is a partnership firm which is into mainly share trading and investments and I am one of the managing partner. My second business is only 2 years old since incorporated where as my construction industry was incorporated in 2011. However there’s no activity under my construction business for last 2 years and hence I had moved funds and started by investment business. Prior to that my construction business had a good turnover and decent numbers. Inspite of no activity for last 2 years I am paying IT and filing returns regularly. I am confused as which one to show as my main business as I can only select one and both of them are active. Any help in this would be highly appreciated. Thanks
I have two business currently. One is a construction company which is a private limited in which I am the managing director and my wife is one of the director. My second business is a partnership firm which is into mainly share trading and investments and I am one of the managing partner. My second business is only 2 years old since incorporated where as my construction industry was incorporated in 2011. However there’s no activity under my construction business for last 2 years and hence I had moved funds and started by investment business. Prior to that my construction business had a good turnover and decent numbers. Inspite of no activity for last 2 years I am paying IT and filing returns regularly. I am confused as which one to show as my main business as I can only select one and both of them are active. Any help in this would be highly appreciated. Thanks