Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty. 2 GST registration for biz to reopen on June 25

Useful codes for Income Tax e-filing


List of Useful Codes
Status of Taxpayer
I Individual
H Hindu Undivided Family (HUF)
1 Firm
2 Local Authority
3 Cooperative Bank
4 Cooperative Society
5 Any other AOP or BOI
6 Public Company
7 Private Company
8 Others
Activity Code for Part A - Nature of Business
0101 Manufacturing Industry [Agro-based industries]
0102 Manufacturing Industry [Automobile and Auto parts]
0103 Manufacturing Industry [Cement]
0104 Manufacturing Industry [Diamond cutting]
0105 Manufacturing Industry [Drugs and Pharmaceuticals]
0106 Manufacturing Industry [Electronics including Computer Hardware]
0107 Manufacturing Industry [Engineering goods]
0108 Manufacturing Industry [Fertilizers, Chemicals, Paints]
0109 Manufacturing Industry [Flour & Rice Mills]
0110 Manufacturing Industry [Food Processing Units]
0111 Manufacturing Industry [Marble & Granite]
0112 Manufacturing Industry [Paper]
0113 Manufacturing Industry [Petroleum and Petrochemicals]
0114 Manufacturing Industry [Power and energy]
0115 Manufacturing Industry [Printing & Publishing]
0116 Manufacturing Industry [Rubber]
0117 Manufacturing Industry [Steel]
0118 Manufacturing Industry [Sugar]
0119 Manufacturing Industry [Tea, Coffee]
0120 Manufacturing Industry [Textiles, Handloom, Powerlooms]
0121 Manufacturing Industry [Tobacco]
0122 Manufacturing Industry [Tyre]
0123 Manufacturing Industry [Vanaspati & Edible Oils]
0124 Manufacturing Industry [Others]
0201 Trading [Chain stores]
0202 Trading [Retailers]
0203 Trading [Wholesalers]
0204 Trading [Others]
0301 Commission Agents [General Commission Agents]
0401 Builders [Builders]
0402 Builders [Estate agents]
0403 Builders [Property Developers]
0404 Builders [Others]
0501 Contractors [Civil Contractors]
0502 Contractors [Excise Contractors]
0503 Contractors [Forest Contractors]
0504 Contractors [Mining Contractors]
0505 Contractors [Others]
0601 Professionals [Chartered Accountants, Auditors, etc.]
0602 Professionals [Fashion designers]
0603 Professionals [Legal professionals]
0604 Professionals [Medical professionals]
0605 Professionals [Nursing Homes]
0606 Professionals [Specialty hospitals]
0607 Professionals [Others]
0701 Service Sector [Advertisement agencies]
0702 Service Sector [Beauty Parlours]
0703 Service Sector [Consultancy services]
0704 Service Sector [Courier Agencies]
0705 Service Sector [Computer training/educational and coaching institutes]
0706 Service Sector [Forex Dealers]
0707 Service Sector [Hospitality services]
0708 Service Sector [Hotels]
0709 Service Sector [IT. enabled services, BPO service providers]
0710 Service Sector [Security agencies]
0711 Service Sector [Software development agencies]
0712 Service Sector [Transporters]
0713 Service Sector [Travel agents, tour operators]
0714 Service Sector [Others]
0801 Financial Service Sector [Banking Companies]
0802 Financial Service Sector [Chit Funds]
0803 Financial Service Sector [Financial Institutions]
0804 Financial Service Sector [Financial service providers]
0805 Financial Service Sector [Leasing Companies]
0806 Financial Service Sector [Money Lenders]
0807 Financial Service Sector [Non-Banking Financial Companies]
0808 Financial Service Sector [Share Brokers, Sub-brokers, etc.]
0809 Financial Service Sector [Others]
0901 Entertainment Industry [Cable T.V. productions]
0902 Entertainment Industry [Film distribution]
0903 Entertainment Industry [Film laboratories]
0904 Entertainment Industry [Motion Picture Producers]
0905 Entertainment Industry [Television Channels]
0906 Entertainment Industry [Others ]
States
01 ANDAMAN AND NICOBAR ISLANDS
02 ANDHRA PRADESH
03 ARUNACHAL PRADESH
04 ASSAM
05 BIHAR
06 - CHANDIGARH
07 DADRA & NAGAR HAVELI
08 DAMAN & DIU
09 DELHI
10 GOA
11 GUJARAT
12 HARYANA
13 HIMACHAL PRADESH
14 JAMMU & KASHMIR
15 KARNATAKA
16 KERALA
17 LAKHSWADEEP
18 MADHYA PRADESH
19 MAHARASHTRA
20 MANIPUR
21 MEGHALAYA
22 MIZORAM
23 NAGALAND
24 ORISSA
25 PONDICHERRY
26 PUNJAB
27 RAJASTHAN
28 SIKKIM
29 TAMILNADU
30 TRIPURA
31 UTTAR PRADESH
32 WEST BENGAL
33 CHHATISHGARH
34 UTTARANCHAL
35 JHARKHAND
99 State outside India
Holding Status- Nature of Company
1 Holding Company
2 Subsidiary Company
3 Both
4 Neither
Business Organization
Amalgamating
Amalgamated
Demerged
Resulting
Unit of Measurement
101 gms
102 kilograms
103 litre
104 kilolitre
105 metre
106 kilometre
107 numbers
108 quintal
109 ton
110 pound
111 milligrams
112 carat
113 numbers (1000s)
114 kwatt
115 mwatt
116 inch
117 feet
118 sqft
119 acre
120 cubicft
121 sqmetre
122 cubicmetre
999 residual
Sl. No. Nature of income Section Rate of tax Section code in Software
1 Tax on accumulated balance of recognised provident fund 111 To be computed in accordance with rule 9(1) of Part A of fourth Schedule 1
2 Short term capital gains 111A 10 1A
3 Long term capital gains (with indexing) 112 20 21
4 Long term capital gains (without indexing) 112 10 22
5 Dividends, interest and income from units purchase in foreign currency 115A(1)(a) 20 5A1a
6 Income from royalty or technical services where agreement entered between 313.1961 to 31.3.1976 in case of royalty and between 29.2.1964 and 31.3.1976, and agreement is approved by the Central Government. Paragraph EII of Part I of first schedule of Finance Act 50 FA
7 Income from royalty & technical services 115A(1)(b) if agreement is entered on or before 31.5.1997 30 5A1b1
8 Income from royalty & technical services 115A(1)(b) if agreement is entered on or after 31.5.1997 but before 1.6.2005 20 5A1b2
9 Income from royalty & technical services 115A(1)(b)if agreement is on or after 1.6.2005 10 5A1b3
10 Income received in respect of units purchase in foreign currency by a off-shore fund 115AB(1)(a) 10 5AB1a
11 Income by way of long-term capital gains arising from the transfer of units purchase in foreign currency by a off-shore fund 115AB(1)(b) 10 5AB1b
12 Income from bonds or GDR purchases in foreign currency or capital gains arising from their transfer in case of a non-resident 115AC(1) 10 5AC
13 Income from GDR purchased in foreign currency or capital gains arising from their transfer in case of a resident 115ACA(1) 10 5ACA
14 Profits and gains of life insurance business 115B 12.5 5B
15 Winnings from lotteries, rosswords puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever 115BB 30 5BB
16 Tax on non-residents sportsmen or sports associations 115BBA 10 5BBA
17 Tax on income from units of an open ended equity oriented fund of the UnitTrust of India or of Mutual Funds115BBB 10 5BBB
18 Anonymous donations 115BBC 30 5BBC
19 Investment income 115E(a) 20 5Ea
20 Income by way of long term capital gains 115E(b) 10 5Eb
21 In case any Income is subject to tax at special rates based on any DTAA then this code has to be selected and rate of 1 has to be selected. Appropriate income and tax has to be entered by taxpayer in this Schedule - 1 DTAA

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3 comments:

  1. LIC AGENT Activity Code for Part A - Nature of Business

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  2. Great web site. Plenty of useful information here. I¡¯m sending it to several pals ans additionally sharing in delicious. And naturally, thank you to your sweat!

    ReplyDelete