New Business codes under Income Tax

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:-

1. Agriculture, Animal Husbandry & Forestry
2. Fish Farming
3. Mining And Quarrying
4. Manufacturing
5. Electricity, Gas, And Water
6. Construction
7. Real Estate And Renting Services
8. Renting Of Machinery
9. Wholesale And Retail Trade
10. Hotels, Restaurants And Hospitality Services
11. Transport & Logistics Services
12. Post And Telecommunication Services
13. Financial Intermediation Services
14. Computer And Related Services
15. Research And Development
16. Professions
17. Education Services
18. Health Care Services
19. Social And Community Work
20. Culture And Sport
21. Other Services
22. Extra-Territorial Organisations And Bodies

Download the Pdf: Business codes under the Income tax