The Income Tax Department has rolled out a significant update in the ITR Utility for Assessment Year 2025–26, introducing new codes for business and professional activities, especially focusing on emerging sectors like social media, online trading, and commission agents.These new inclusions aim to enhance transparency and proper classification of income sources, which will improve both tax reporting accuracy and taxpayer compliance.

New Business/Profession Codes You Must Know code Profession / Business Activity

09029 Commission Agents (Kachcha Arahitya)
16021 Social Media Influencers
21009 Speculative Trading (Intraday)
21010 Futures & Options (F&O) Trading
21011 Delivery-Based Share Trading

Key Classifications Explained

21009 – Intraday Trading (Speculative)Buying and selling of shares on the same day (square-off).Treated as Speculative Business Income under Income Tax rules.Losses cannot be adjusted against regular income.

21010 – F&O Trading (Non-Speculative)Includes equity, currency, and commodity trades (intraday & overnight).Treated as Non-Speculative Business Income.Eligible for tax audit if turnover crosses the threshold.

21011 – Delivery-Based Share Trading buying and holding shares for a few days or weeks as business activity.Must be classified correctly if trading is frequent or is your main income source.

16021 – Social Media Influencers for content creators, vloggers, and influencers earning via sponsorships, brand deals, etc.Treated as professional income and subject to presumptive taxation under Section 44ADA (if eligible).

09029 – Commission Agents often known as Kachcha Arahitya, working on commission in wholesale markets or for traders.Reported under business code 09029.

Why Is This Important?

Selecting the correct code while filing your ITR helps:Avoid notices or delays in processing.Claim accurate deductions or presumptive income.Ensure proper treatment of speculative vs non-speculative income.

Especially relevant for:Traders using apps like Zerodha, Upstox, etc.Full-time content creators & influencers.Small commission-based businesses.

Pro Tip from Delhi Tax Solutions

If you’re into online trading or a social media creator, your profession now has a dedicated code. Use it wisely.Need help classifying your income or filing ITR the right way?

DM us or visit DelhiTaxSolutions.com for expert advice.— #ITRUpdate #IncomeTaxIndia #AY2025_26 #BusinessCodes #DelhiTaxSolutions #TaxFilingIndia #FinanceSimplified #SocialMediaTax #ShareTradingTax