Business code itr4

a person having shop do business by giving drilling machines and paint stools for rent what would be business code
Replies (5)
Quick Summary
This discussion clarifies the appropriate business code for a shop that rents out equipment such as drilling machines and paint stools. It confirms that income from such a business can be declared under Section 44AD of the Income Tax Act, allowing for filing under IT-R4 with a 6% income declaration.

'08007'                          

Can Itr4 can be filed 6% income

Yes, you can declare the income u/s. 44AD IT act.

Thank you Dhirajlal sir

You are welcome.                 

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