Codes of Nature Business & Late Filliing


This query is : Resolved 

23 July 2011 Hi
I want to know what is the code for Laundry Shop business in ITR4 for A.Y. 2010-11 and can I file return the Income tax return for the A.Y. 2010-11 now for laundry business and construction business.

24 July 2011
AY 2010-11

YOU CAN FILE THE RETURN IN ITR 4.
CONTRACTOR OTHERS :CODE NO 0505
(LAUNDRY BUSINESS)

CONTRACTOR CIVIL CONSTRUCTION : CODE 0501

YOU MAY FILE THE RETURN NOW BUT TRY TO SHOW THE INCOME BELOW THE TAXABLE LIMIT.



24 July 2011 As last due date 31/03/2011 is also completed for filling return for A.Y. 2010-11 then also can I File return if the income is less than taxable limit as per IT Act section 139.

25 July 2011 Yes you can file Return for AY 2011-12 also.

It is better to maintain continuity in Return filing.

Time lag is not necessary between filing the returns of 2 year.

25 July 2011 Hi Mr. Paras Bafna

Thanks to reply me, but still you have not confirmed me that I can file a nil return for the A.Y. 2010-2011.

Please reply me.

Thank & regards.

25 July 2011 YOU MAY FILE THE RETURN by SHOWING THE INCOME BELOW THE TAXABLE LIMIT FOR AY 2010-11.

25 July 2011 Thank You Sir


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