Nature of business in job work income


ABHIJIT MANNA (ACCOUNTANT)     16 July 2018

ABHIJIT MANNA
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A person do Job work like stiching, embrodery design, put the stone on sarees, he wants to file ITR4 for A.Y. 2018-19, what will be nature of Business and code, pleae suggest.

 

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Dhirajlal Rambhia (KVO Merau Kutchh)     16 July 2018

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'04097'

 

ABHIJIT MANNA (ACCOUNTANT)     16 July 2018

ABHIJIT MANNA
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Sir

The code mentioned by you is other manufacturing and a person deducted TDS u/s 94C against this kind of job work, so it will be applicable? If I mentioned code other services(21008), it will be any problem?

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Dhirajlal Rambhia (KVO Merau Kutchh)     16 July 2018

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As such no problem......  but its manufacturing activity rather than service; though TDS u/s. 194C can be deducted in both.....

ABHIJIT MANNA (ACCOUNTANT)     16 July 2018

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Last year a person filed ITR4 with code trader others, can he appiled code Retail sales of other products 09028 for current year, he is a suppler of spare parts of machineries.

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ARWINDER SINGH (accounts executive)     30 August 2019

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a person is assembling sewing machines in a firm.. and getting his income in bank after deduction of TDS u/s 194c.... what will be the nature of business code for that & what will be the business type like 44ad or 44ada etc ??

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Dhirajlal Rambhia (KVO Merau Kutchh)     31 August 2019

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As such there is no specific code for job work/assembaly ... so you can use '21008'.... and opt for sec. 44AD...

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ARWINDER SINGH (accounts executive)     31 August 2019

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Dear Sir, thanks for reply... As i am filing return on taxcloudindia.com, whenever i am filling code 21008 & selecting 44ad .. it says error as below :-

  • Income from Presumptive Profession (Section 44ADA) exists. Please fill the nature of business for the same.

What should i do ??? kindly assist

 

 

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Dhirajlal Rambhia (KVO Merau Kutchh)     31 August 2019

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Both the utilities released by ITD (be it ITR3 or ITR 4).... as on e-filling site are accepting code  '21008' only under sec. 44AD...... and not u/s. 44ADA....

So, what should be done??? !!!

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ARWINDER SINGH (accounts executive)     31 August 2019

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Sir,

 May i talk to you personally...???


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