Unless otherwise specified, the per diem locality is defined as "all locations within, or entirely surrounded by, the corporate limits of the key city, including independent entities located within those boundaries." 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.Traveler reimbursement is based on the location of the work activities and not the accommodations, unless lodging is not available at the work activity, then the agency may authorize the rate where lodging is obtained. Tax on income from units of an open ended equity oriented fund of the Unit Trust of India or of Mutual Funds Tax on non-residents sportsmen or sports associations Winnings from lotteries, crosswords puzzles, races including horse races, card games and other games of any sort or gambling or betting of any form or nature whatsoever
Profits and gains of life insurance business Income from GDR purchased in foreign currency or capital gains arising from their transfer in case of a resident Income from bonds or GDR purchases in foreign currency or capital gains arising from their transfer in case of a non-resident Income by way of long-term capital gains arising from the transfer of units purchase in foreign currency by a off-shore fund Income received in respect of units purchase in foreign currency by a off-shore fund Paragraph EII of Part I of first schedule of Finance Actġ15A(1)(b) if agreement is entered on or before ġ15A(1)(b) if agreement is entered on or after but before Income from royalty or technical services where agreement entered between 313.1961 to in case of royalty and between and, and agreement is approved by the Central Government. Long term capital gains (without indexing)ĭividends, interest and income from units purchase in foreign currency To be computed in accordance with rule 9(1) of Part A of fourth Schedule Tax on accumulated balance of recognised provident fund
Service Sector įinancial Service Sector Įntertainment Industry Manufacturing Industry Ĭommission Agents – Activity Code for Part A – Nature of Business In this article we have compiled various codes used by Income Tax Department for showing Status of Taxpayer, Nature of Business, States, Holding Status- Nature of Company, Business Organization Type, Unit of Measurement and Section Code for Nature of income in software- Status of Taxpayer
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