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The Business Code / Profession Code list by MCA, Business or Profession Code while filing Incorporation of Company and LLP.
Jul 11, 2023 · Business codes, also known as Business or Profession Codes, are used in India for Income Tax Return (ITR) filing to classify the nature of business or profession. These codes are specified by the Income Tax Department and help in accurately reporting income from different sources.
May 2, 2023 · In India, the Business/Profession Code is a classification system used to categorize various business and professional activities for the purpose of registering a company with the Ministry of Corporate Affairs (MCA) and determining regulatory compliance requirements and taxes.
Oct 9, 2024 · Business and profession codes are used in income tax returns to identify the type of business or profession whose tax is being filed. You can find your business and profession code and mention the same when filing your returns.
Jul 27, 2021 · Business/ professional code is required to be mandatorily filled by each and every person who are showing income from business and profession in their Income tax return.
Business / Profession Code under MCA. If the source of income of the proposed company is Income from business/profession, the code for the respective Business/ Profession Code has to be filled in e-Form Spice32 and FiLLip Forms.
Feb 20, 2024 · Follow these steps to select the correct business or profession codes: -Select the codes by verifying the nature of the product or services involved to determine the sector of business or profession. -Under each sector, the nature of the activity involved is to be seen for determining the sub-sector.
Industrial Activity Code and Business / Profession code is required to be filled in the Spice+ MCA forms for Company Registration and FiLLip Forms for LLP Registration. In the case of the Company, the selected industrial activity code becomes part of the Corporate Identification Number (CIN).
Aug 26, 2021 · Industrial activity code and Business / Profession code is required to be filled in the Spice+ MCA forms for Company Registration and FiLLip Forms for LLP Registration. In case of Company, the selected industrial activity code becomes part of Corporate Identification Number (CIN).
Enter the main division code for the industrial activity of the proposed company. Refer Annexure B for the list of main divisions of industrial activities. Shall be entered as either 65 or 66 or 67 in case Type of Company is ‘IFSC Company’. Description shall be auto-filled based on the Industrial activity code selected. 3.
