New Business codes under the Income Tax
The income tax department of India has issued the new business codes under the Income-tax to be used for filing the returns. These codes are issued with the instruction available for filing the ITR-4 SUGAM. The codes have been distributed among the various major categories. The codes consist of 5 numerics which also indicates the parent category of the business. Following are the Major/parent business categories for the code:-
- Agriculture, Animal Husbandry & Forestry
- Fish Farming
- Mining And Quarrying
- Manufacturing
- Electricity, Gas, And Water
- Construction
- Real Estate And Renting Services
- Renting Of Machinery
- Wholesale And Retail Trade
- Hotels, Restaurants And Hospitality Services
- Transport & Logistics Services
- Post And Telecommunication Services
- Financial Intermediation Services
- Computer And Related Services
- Research And Development
- Professions
- Education Services
- Health Care Services
- Social And Community Work
- Culture And Sport
- Other Services
- Extra-Territorial Organisations And Bodies
Download the Pdf: Business codes under the Income tax
