Business code for mobile shop in income tax

For a mobile shop in India, the most appropriate Income Tax business code for retail sales is 9028, which stands for “Retail sale of other products n.e.c (not elsewhere classified)”. This code applies because there isn’t a more specific category for mobile phones, and they fall under the general heading of retail trade.

If the shop also offers repair services, a different code is used for the service portion of the business. The Service Accounting Code (SAC) for mobile repair services is 998716, which covers repair and maintenance services of telecommunication equipment and apparatus.