14 September 2017
i am filling form aoc 4 for a private limited company i want to know the ITC / NPCS CODE FOR BUSINESS TRADING AND INVESTMENT IN SHARES . PLEASE TELL ME SAME SO THAT I CAN FILL IT .
02 August 2024
When filling out Form AOC-4 for a private limited company, especially for business trading and investment in shares, you'll need to reference the correct codes for ITC/NPCS. Here’s a general guide:
### **1. ITC/NPCS Codes:**
For **Business Trading** and **Investment in Shares**, you should consider the following:
#### **ITC Code for Business Trading:** - **NAICS Code for Trading:** **Retail Trade (NAICS: 44-45)** or **Wholesale Trade (NAICS: 42)**, depending on the nature of the trading. - **NACE Code:** For trading, it might be under **"G - Wholesale and retail trade; repair of motor vehicles and motorcycles"**.
#### **NPCS Code for Business Trading:** - For **business trading**, you might look for codes related to **"Business Activities"** or **"Trading Activities"** in the National Product Classification for Services (NPCS).
#### **Investment in Shares:** - **ITC Code for Investment in Shares:** - Typically falls under **"Financial Services"** or **"Investment Services"**. - You might find it under broader classifications like **"Activities Auxiliary to Financial Intermediation"**.
- **NPCS Code for Investment in Shares:** - For **investment in shares**, it might be categorized under **"Financial and Insurance Activities"** or **"Securities and Commodities Exchanges"**.
### **2. Detailed Codes:**
#### **Business Trading:** - **ITC Code:** Based on general activity codes for trading. - **NPCS Code:** You may use **"Trading of Goods"** or **"General Trading"** based on the specific activities of the company.
#### **Investment in Shares:** - **ITC Code:** Typically related to **"Financial Intermediation"**. - **NPCS Code:** Investment-related activities are usually under **"Financial Services"**.
### **3. Filling Form AOC-4:**
In Form AOC-4: - Look for sections where you need to provide **"Business Activities"** or **"Financial Activities"**. - Use the appropriate ITC/NPCS codes based on your specific activities.
### **4. Finding the Exact Codes:** - **National Product Classification for Services (NPCS):** Refer to the official NPCS documentation for exact codes. - **ITC Codes:** You may refer to industry-specific codes from relevant trade and business classification standards.
### **5. Consultation:** - **Chartered Accountant:** For accurate and specific codes applicable to your business, consulting with a chartered accountant or company secretary is advisable.
### **Summary:**
- **For Business Trading:** Use ITC/NPCS codes related to trading activities. - **For Investment in Shares:** Use ITC/NPCS codes related to financial and investment services.
You should ensure that the codes you use are aligned with your company's specific activities and classifications as per regulatory standards.
CAclubindia
