Business code for boutique under itr-4s

Business code for boutique will be 1001 - other sectors 0602 - Fashion designers 0204 -Trading - Others
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Quick Summary
The discussion covers the correct business code for a boutique in ITR-4/ITR-4S. Members considered trading, fashion designer, and beauty parlour codes before concluding that a boutique engaged in fashion designing may use code 16007 under professional income, subject to the nature of the activity.

0702 - Beauty Parlours

SIR , BOUTIQUE INCOME UNDER THE PROFASIONAL INCOME ??

 

This year code for "Hair Dressing & other Beauty Treatment" is '21001'

It is under Business income and can be declared u/s. 44AD in ITR 4.

SIR,

          BOUTIQUE NOT A BEAUTY TREATMENT

          BOUTIQUE THE LIKE FASHION DESIGNER BUSINESS FOR CLOTH 

           NOT A BEAUTY PRODUCT

 

 

Yes, you are right.... it will come under profession ... code ... '16007' can be assessed u/s. 44ADA.

Is the business code still the same?

A boutique that designs, stitches and sells garments is a business, not a profession under Sec 44AA(1), so Sec 44ADA (suggested in the thread) cannot be used; offer income under Sec 44AD (6% of digital receipts, 8% of cash) in ITR-4 with the tailoring or garment-retail code, a scheme continued as Sec 58 of the Income-tax Act 2025.

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