New business codes

From now onwards 10% of services will be allowed under composition.....

SIR,  THERE WAS A BUSINESS CODE " 09002" REPAIR AND MAINTENANCE OF MOTOR VEHICLE" BUT NOW THIS CODE IS LEFT OUT,

          IN PLACE OF THIS CODE , WHAT SHOULD BE ?

         

It is still there....... check properly..........

S.No. Code
[Please see instruction No.9(ii)]
Tradename
(i) 09002-Repair and maintenance of motor vehicles  
(ii) (Select)  
(iii) (Select)  

Code ... '09002'    is still there ....

SIR, I CHECKED RIGHT NOW, WITH LATEST DOWNLOADED JAVA ITR-3 FORM, THERE IS MISSING "09002",     09001 AND 09003 IS STILL THERE,

Well ,check if it has been shifted to any other column...... otherwise use... 21008...

OK SIR, THANKS FOR ANS.

YES SIR, U ARE RIGHT, 09002 IS STILL THEREBUT SHIFTED, JUST AFTER 04084 ,

THANKS SIR

Hi,

   1. I am a freelancer. I am only working in amazon mechanical turk. Amazon Mechanical Turk is a crowdsourcing Internet marketplace. My all earning credit in my bank account (indian rupees). shall i declare my income under section 44ADA. Yearly Income 332967. shall i declare 50% of total income as a gross profit and net profit.

   2. I am also doing intraday trading.     f&o profit 7000 - turnover 13000.  Shall i declare 8% of turnover as a gross profit and net profit. Please clarify me sir.

   3. And i have speculative loss Rs. 2841. Shall i declare and carriforward as speculative loss field.

   4. And also clarify me which business code is suitable for both professional and trading.

Sir,

I own a workshop, we deal with sale for agriculture tools, repair and manufactureing of agriculture tools in small scale in a village.

we also took assignments for House carpenter wroks and Building iron gates aand grills for household and other purpose.

i m finding difficulty what is my code of nature of busiiness code,

i search one 04032 for wooden works,

but not finding other codes

and please tell me can we add 2 to 3 type of nature of business codes

 

 

Thanks

 

Regards

Satinder Singh

9768010879

Jalandhar

Punjab

SIR IF HAVING A KIRANA AND GENERAL STORE THEN THE CODE TO BE USED???

 

@ Satinder Singh: As such being only one concern doing different job work, you may add one more code as 21008..... which includes all such miscellaneous works,

 
SIR IF HAVING A KIRANA AND GENERAL STORE THEN THE CODE TO BE USED??? 

 

'09028'  Retail sale of other products n.e.c

 

 

  1. I am a freelancer. I am only working in amazon mechanical turk. Amazon Mechanical Turk is a crowdsourcing Internet marketplace. My all earning credit in my bank account (indian rupees). shall i declare my income under section 44ADA. Yearly Income 332967. shall i declare 50% of total income as a gross profit and net profit.

Yes, you can declare it under code..... '14005'

   2. I am also doing intraday trading.     f&o profit 7000 - turnover 13000.  Shall i declare 8% of turnover as a gross profit and net profit. Please clarify me sir.
   3. And i have speculative loss Rs. 2841. Shall i declare and carriforward as speculative loss field.

Being small amount of transactions, you can declare the net profit from both activities under "Income from other sources'

   4. And also clarify me which business code is suitable for  professional.

14005

 

R/ SIR,      U/S 194J  , A SMALL AMOUNT OF INCOME WITH TDS 545/- 

                   AND U/S 194H SAME SMALL INCOME 1705/-.   TOTAL INCOME IS UNDER 10 THOUSAND.

       SIR, CAN I FILE ITR-2 FOR CLAME ONLY TDS ?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details