Retail business code in income tax
General retail codes under “WHOLESALE AND RETAIL TRADE”
- 09001 : Wholesale and retail sale of motor vehicles
- 09004: Retail sale of automotive fuel
- 09021 :Retail sale of food, beverages and tobacco in specialized stores
- 09022 :Retail sale of other goods in specialized stores
- 09023 : Retail sale in non-specialized stores
- 09024 : Retail sale of textiles, apparel, footwear, leather goods
- 09025 : Retail sale of other household appliances
- 09026 : Retail sale of hardware, paint and glass
- 09028: For the “Retail sale of other products n.e.c (not elsewhere classified)”. This is a common code for many small retail businesses that don’t fit into a more specific category.
Specialized retail codes
- 09021: For the “Retail sale of food, beverages and tobacco in specialized stores”.
- 09022: For the “Retail sale of other goods in specialized stores”.
- 09024: For the “Retail sale of textiles, apparel, footwear, leather goods”.
- 09025: For the “Retail sale of other household appliances”.
- 09026: For the “Retail sale of hardware, paint and glass”.
Other related codes
- 09029: For “Commission Agents”.
- 09001: For the “Wholesale and retail sale of motor vehicles”.
- 09003: For the “Sale of motor parts and accessories- wholesale and retail”.
- 09018: For the “Wholesale of electronic parts & equipment”.
For the most accurate code, you should check your specific product category against the official list provided by the Income Tax Department when filing your return