New business codes

Page no : 2

Rishi (Others) (353 Points)
Replied 25 May 2018

sir, in same itr i have to mention 2 codes?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183048 Points)
Replied 25 May 2018

When you have 2 different businesses, you have to declare codes of both of them, while turnover and other details of all the businesses are filled as combined value.

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Rishi (Others) (353 Points)
Replied 25 May 2018

Thanks Sir.

Vinay Jaindani (188 Points)
Replied 26 May 2018

what is new bussiness code for Job Work income from fabrication work??

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183048 Points)
Replied 26 May 2018

Any specific Job work related to any industry or just fabrication work ?

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Vinay Jaindani (188 Points)
Replied 26 May 2018

just fabrication work ...of grills which are used in balcony and Gates and Tables previously is use the code of 0505 Contractors-Others

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183048 Points)
Replied 26 May 2018

If you supply with material...... '04097' (more appropriate)

But if it is only service without material... '21008'

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Vinay Jaindani (188 Points)
Replied 26 May 2018

thanks sir but if i use 21008 i think it will be treated under 44ADA and not 44AD???

Rishi (Others) (353 Points)
Replied 28 May 2018

R./ SIR, IF A PERSON HAVING COMPUTER/ LAPTOP REPAIR SHOP FOR ANY BODY ELSE, NOT SPECIALIZED FOR OFFICE, ACCOUNTING, MACHINERY. HE HAS FDR INTEREST i.e. around 25500/- AND HE ALSO HAS J-FORM AGRICULTURE INCOME WHICH IS TOTALLY EXAMPT.

USE BUSINESS CODE "14008" OR 14010, OR SOME OTHER?

PLEASE ANS.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183048 Points)
Replied 29 May 2018

'14008'

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Rishi (Others) (353 Points)
Replied 29 May 2018

thanks sir

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Rishi (Others) (353 Points)
Replied 09 June 2018

R/ SIR, A PERSON GIVING SERVICE TO A COMPANY TO LOOK AFTER (ONLY) FOR THEIR CHICKENS IN HIS OWN PLACE (FARM) WITH FULL FACILITY. AND EARNING NEAR ABOUT 3 LAC PER YEAR. HE JUST LOOK AFTER THEM , COMPANY PROVIDE HIM FEED ETC. HIS OWN EXPENDITURES ABOUT 1.25 LAC PER YEAR. SUGGEST ME ANY SUITABLE CODE FOR IT.

PLZ ANS..