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Business code for a recruitment firm for itr filing

Tax queries 4447 views 3 replies

Dear Experts, Pls, suggest business code for a recruitment firm dealing in providing Recruitment services (not labour) of Permanent Employees to its clients.

Ours is a Sole Proprietorship. Out payments come in 194J. Gross receipt is less than 10 L in FY 2018-19

Unable to find the right business code in 44ADA, closest one is 16013 (Business & Management Consultancy) but in 44AD, 16019 for 'Other Professional Services' looks most appropriate, however, there is 16014 (Recruitment on Labour & Provision of Personnel) also. Till last year we were filing in 0607.

Pls, help with your valuable suggestions.

 

Thanks & Regards,

N. Sharma

Replies (3)

16014 ......... Recruitment on Labour & Provision of Personnel
 

Sir, Appreciate a quick revert.

But, uptill now we were filing ITR as a Professional, and 194 J is also taken as a Fee for providing Professional Services.

Are you sure, we should file as a Business and not Professional this time?

You are right specifically when TDS u.s 194J deducted.

Your job can best fit (from the available options) into 16005 Under Technical consultancy....... as 16019 also falls u/s. 44AD...


CCI Pro

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