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ITR-4

10 May 2018

If payment is deducted u/s 194C what whould be the nature of Business code while filling ITR-4 for A.Y 2018-2019, earlier it was 0505. I was unable to understand in new ITR.

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3 Replies

Tarun Kumar (Chartered Accountant) (180 Points)
Replied 10 May 2018

The nature of business would be Contracts and Sub-contracts, and the code may be 0501 to 0505.

other details not available for AY 2018-19, same will be provided soon as per changes in new ITR forms.

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dhiren bole (127 Points)
Replied 10 May 2018

New ITR -4 has been realesed for A.y 2018-2019 , nature of business code has been changed and 0505 bussniess code is not there,so what bussniess code to be filled for TDS deducted u/s 194C