0404
Knitted and crocheted fabrics
Profit Code
0404
Loss Code
0405
Category
04 - Textiles
Description
SARS profit code 0404 (loss: 0405) classifies Knitted and crocheted fabrics within main category 04 (Textiles). This code is used on the ITR14 company income tax return to indicate your business main source of income.
How to Use
When completing the ITR14, enter code 0404 in the profit code field if your business is primarily engaged in knitted and crocheted fabrics. If your business made a loss, use code 0405 instead.
Note: The profit code is separate from the 5-digit SIC code also required on the ITR14. See our SARS tax guide for more details.
Other Codes in Category 04
| Code | Description |
|---|---|
| 0402 | Spinning and weaving |
| 0406 | Carpets and rugs |
| 0408 | Other textiles |