ABHIJIT MANNA (ACCOUNTANT) (447 Points)
16 July 2018A person do Job work like stiching, embrodery design, put the stone on sarees, he wants to file ITR4 for A.Y. 2018-19, what will be nature of Business and code, pleae suggest.
ABHIJIT MANNA
(ACCOUNTANT)
(447 Points)
Replied 16 July 2018
Sir
The code mentioned by you is other manufacturing and a person deducted TDS u/s 94C against this kind of job work, so it will be applicable? If I mentioned code other services(21008), it will be any problem?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177886 Points)
Replied 16 July 2018
As such no problem...... but its manufacturing activity rather than service; though TDS u/s. 194C can be deducted in both.....
ABHIJIT MANNA
(ACCOUNTANT)
(447 Points)
Replied 16 July 2018
Last year a person filed ITR4 with code trader others, can he appiled code Retail sales of other products 09028 for current year, he is a suppler of spare parts of machineries.
ARWINDER SINGH
(accounts executive)
(28 Points)
Replied 30 August 2019
a person is assembling sewing machines in a firm.. and getting his income in bank after deduction of TDS u/s 194c.... what will be the nature of business code for that & what will be the business type like 44ad or 44ada etc ??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177886 Points)
Replied 31 August 2019
As such there is no specific code for job work/assembaly ... so you can use '21008'.... and opt for sec. 44AD...
ARWINDER SINGH
(accounts executive)
(28 Points)
Replied 31 August 2019
Dear Sir, thanks for reply... As i am filing return on taxcloudindia.com, whenever i am filling code 21008 & selecting 44ad .. it says error as below :-
What should i do ??? kindly assist
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177886 Points)
Replied 31 August 2019
Both the utilities released by ITD (be it ITR3 or ITR 4).... as on e-filling site are accepting code '21008' only under sec. 44AD...... and not u/s. 44ADA....
So, what should be done??? !!!
ARWINDER SINGH
(accounts executive)
(28 Points)
Replied 31 August 2019
Sir,
May i talk to you personally...???
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177886 Points)
Replied 31 August 2019
Not needed.... Just file ITR 4 downloaded from IT website, before its too late. If required take help of any local expert..
Mayank Music
(2 Points)
Replied 08 September 2020
Income from Job Work ke liye konsa ITR file hoga , ITR 3 ya ITR 4
Prachi Bansal
(3129 Points)
Replied 12 March 2021
ITR 4 is the answer. The returns will be filed under ITR4
subscribeljdz
(Designer)
(22 Points)
Replied 14 September 2022
Tax requirements really do change often, and it’s better to have a good accountant on staff or as an outsource partner. The second variant is even better because it’s cheaper.
You can read more about external payroll and accounting services on creative.onl. It’s a really good option for small businesses that cannot afford to hire a good accountant but still want to have their papers in good shape and pay their workers on time. It will take you much less time just to send your data to another company than try to process everything yourself. And it’s also more reliable, which saves you from unpleasant mistakes.
Natasha Roy
(Accountant )
(24 Points)
Replied 30 May 2023
The nature of job work income refers to the type of income earned through employment or working for someone else. It is derived from performing specific tasks, duties, or services for an employer in exchange for compensation
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