Revised Business Codes List for FY 2018-19/ AY 2019-20 (ITR 3, 4, 5, 6 and 7), as per ITR Filing Instructions of CBDT
CBDT has issued fresh instructions for filing of ITR 3, ITR 4 (Sugam), ITR 5, ITR 6 and ITR 7 for FY 2018-19/ AY 2019-20, incorporating the new/ revised List of Business Codes. These codes are to be used during filing of Income Tax Returns by Assessees, having income from Profit and Gains from Business & Profession.
The revised List of Business Codes segregates all business/ professions into different sectors/ sub-sectors and assigns respective codes to each sub-sector. Assessees are required to select the correct business code, for correct filing of the Income Tax Return, as under: