New business codes

Page no : 5

RAHUL SHARMA (student) (149 Points)
Replied 24 June 2018

PLEASE SPECIFY THE CODE OF NATURE OF BUSINESS FOR A CONTRACTOR OF SUPPLYING LABOUR IN DIFFEREN COMPANIES?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 25 June 2018

'16014' Labour recruitment and provision of personnel......

1 Like

Rishi (Others) (353 Points)
Replied 25 June 2018

SIR, PERSON HAVING "ACUPRESSURE MASSAGE THERAPY" INCOME. 285500/- HE HAS JUST LOCAL KIND OF DIPLOMA / CERTIFICATE.AND HE ALSO HAS COMMISSION INCOME 194H FROM PRIVATE COMPANY IN 26AS (15137.00) WITH TDS (760.00) .

CAN I FILE ITR-4 WITH NET PROFIT NEAR ABOUT 255000 ?

PLZ SUGGEST CODE .

Rishi (Others) (353 Points)
Replied 25 June 2018

CAN I FILE ITR-4 WITH NET PROFIT NEAR ABOUT 255000 ?

PLZ SUGGEST CODE .

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 26 June 2018

As such for commission income you have to file ITR3, but it being small amount can be declared under IFOS..... and that may allow him to file ITR 4 u/s. 44ADA.

2 Like

Rishi (Others) (353 Points)
Replied 26 June 2018

THANKS FOR SUGGEST ME, SIR

1 Like

Rishi (Others) (353 Points)
Replied 29 June 2018

SIR, PLZ TELL ME ABOUT COMPUTER (PC) DEP. FULL RATE FOR A.Y. 2018-19.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 29 June 2018

Reduced to 40%

1 Like

Rishi (Others) (353 Points)
Replied 02 July 2018

SIR, PERSON HAS HOUSE PROPERTY INCOME FROM MOBILE TOWER (CONTRACT SIGNED FOR 3 YEARS) RS. 100000/- PER YEAR AND ROOM RENT RECEIVED RS. 100800/- (NO. OF ROOMS 7).

1. IS IT TOTALLY HP INCOME?

2. IF YES THEN WHICH ITR APPLICABLE?

3. IS THERE ANY BUSINESS CODE APPLICABLE?

PLZ ANS