which nature of business code for wholesale vegetable business,please guide
vikas (Accountant) (54 Points)
04 August 2018
which nature of business code can be used for vegetable business
10 Replies
SURANA
(PROPRIETOR)
(515 Points)
Replied 23 August 2018
09006 Wholesale of agriculture Raw Material... Will this include wholesale buying and selling of Vegetables?
even i was wondering since there is no GST on it and if code is wrong then now a days anything possible...
can it be 04004 - processing of Fruits, Vegetables & Edible Nuts?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 23 August 2018
If it is purchsed from market (but not from farmers) and sold........ go for '09027'.
But trading is not processing of the products......
SURANA
(PROPRIETOR)
(515 Points)
Replied 23 August 2018
Purchase is 100% from Farmers...
and then in some vegetables cleaning and assorting is done.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 23 August 2018
That is general sorting, but not processing it to any syrup, souce, jams like products .....
Ritik Chopra
(student)
(8128 Points)
Replied 01 April 2021
If processing of fruit and vegetable is done - 04004
Wholesale of agriculture raw material- 09006
Jayesh Ganatra
(PROFESSIONAL)
(29 Points)
Replied 07 November 2022
ANY LIMIT OF BUSINESS FOR INCOME TAX??
CAN I FILE ITR U/s.44AD?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 07 November 2022
No turnover limit for any such business.
Yes, if turnover is below 2 Crs., you can file ITR u/s. 44AD of IT act.
PRANABENDU SUTRADHAR
(2 Points)
Replied 02 September 2023
which nature of business code can be used for RICE Whole Sale business
agarwalvarun14@gmail.com
(agarwalvarun14@gmail.com)
(22 Points)
Replied 03 October 2023
Trading of LIVE ANIMALS can come in purview of 09006 or 01018 or any other Code... please suggest??
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