New business codes

R/ SIR,  PLZ GUIDE ME ABOUT (SCHEDULE OS) ITR-2,  column 1of (bii and biii),

 if we hv INCOME UNDER 194A & 194H , BOTH CAN BE WRITTEN UNDER 1(biii)? both hv TDS also(Refund).

No. For 194A TDS interest income can be filled in...... 'OS' 1 (bii) .....

But for TDS section 194H, if at all you wish to file u/h. 'OS' of ITR2; fill it under 1(d4) ...Others OR in '2'

a person is not a qualified interior designer, but practice interior designing for 8 years (GST registered), small turnover. last year business code was 0501- civil contractors. In ay 18-19 i am trying 16008- interior decorations. I get message that please enter correct code. If I select interior decorations, do i need to fill details under 44ADA for profession?

" If I select interior decorations, do i need to fill details under 44ADA for profession?"

Yes, this year it is reserved for professional catagory, so sec. 44ADA will trigger..

If you are filling u/s. 44AD....... select..... 21008

R/ SIR,  A PERSON HV FRUIT & VEGETABLE SHOP IN CITY MARKET, HIS ANNUAL SALE IS 7471900/- AND GETTING 9% TOTAL PROFIT, 4% GIVING TO GOVT. HE GAINED 5% NET PROFIT HIS OWN. 

1. IS THIS AUDIT CASE OR NOT?

1. Better to declare it u/s. 44AD, with 6/8% profit margin, no need for audit.

2. Otherwise books would be required to be maintained. Audit liability applicable if sec. 44AD(4) triggered.

R/ SIR,       FAST FOOD WORK, (NEITHER READY MADE NOT COMPANY LABELED)

                     PLZ SUGGEST BUSINESS CODE?

Fixed unit......... 10009..

otherwise..... 10010

R/ SIR,  A PERSON DOING TUITION WORK FROM 5TH STD TO 10TH STD STUDENTS IN A RENTED PLACE WITH HIS WIFE.

            (1) SHOULD I USE BUSINESS CODE 17006 OR SOME OTHER ?

            (2) IS SAID WORK  UNDER BUSINESS OR PROFESSION ?

SIR, PLZ SUGGEST

Does he has any license like shop & establishment etc.........

Do you wish to declare income under 50% profit matgin? (sec 44ADA)

If you do not have major expenses to be claimed, better declare income u/h. IFOS.... gets easily processed then PGBP........

SIR,  person having salary income from courier service in his bank i.e. 151000/- annually.

he works part time job (Labour work) also having 96000/- cash salary annually without any written document,

how to put both kind of income in itr?

Can i file itr-2 for above incomes? or some other, plz suggest

Thnaks

Declare 96000/- under income from other sources. Can file ITR1 also.

sir, I can not understand, please clear which itr is suitable for both incomes.

thanks