New business codes

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

 

 

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

 

 

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

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 .

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 .

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.

THANKS FOR SUGGEST ME, SIR yes

 

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

Reduced to 40%

 

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

Is mobile tower in the same compound or on terrace of building?

Room rents should be under business income.

mobile tower is in seperate plot on ground

If the ground is compound of the building......... Income from HP

Otherwise ..... Income from Other Sources.....

Hello Sir,
Can you please let me know the 'Business Code' to be used in case of ' CONTRACTOR --ALLUMINIUM FRAME (WINDOWS)

 

R/ Sir, u suggested me about ifos instead of business income for a lady doing stiching clothes work in her home.

 what to do-

itr-1as salary income?

or 

itr-3 as no account case?

can i make balance sheet for stiching work temporarly with above case ?

@ Sachin.....   '04060' ...   but if you wish to classify under furniture than '04092'


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