which nature of business code for wholesale vegetable business,please guide

which nature of business code can be used for vegetable business
Replies (10)
Quick Summary
For a wholesale vegetable business, business code 09006 is generally used when purchasing agricultural produce from farmers, while 09027 may apply to wholesale trading from other suppliers. Simple cleaning and sorting are not treated as processing. Eligible businesses may opt for Section 44AD if conditions are met.

'09006'  

 

09006 Wholesale of agriculture Raw Material... Will this include wholesale buying and selling of Vegetables?

even i was wondering since there is no GST on it and if code is wrong then now a days anything possible...

can it be 04004 - processing of Fruits, Vegetables & Edible Nuts?

If it is purchsed from market (but not from farmers) and sold........ go for '09027'.

But trading is not processing of  the products......

Purchase is 100% from Farmers...

and then in some vegetables cleaning and assorting is done.

That is general sorting, but not processing it to any syrup, souce, jams like products .....

If processing of fruit and vegetable  is done - 04004

Wholesale of agriculture raw material- 09006

ANY LIMIT OF BUSINESS FOR INCOME TAX??

CAN I FILE ITR U/s.44AD? 

No turnover limit for any such business.

Yes, if turnover is below 2 Crs., you can file ITR u/s. 44AD of IT act.

 

which nature of business code can be used for RICE Whole Sale business
 

Trading of LIVE ANIMALS can come in purview of 09006 or 01018 or any other Code... please suggest??

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