0506
Knitted and crocheted apparel
Profit Code
0506
Loss Code
0507
Category
05 - Clothing and Footwear
Description
SARS profit code 0506 (loss: 0507) classifies Knitted and crocheted apparel within main category 05 (Clothing and Footwear). 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 0506 in the profit code field if your business is primarily engaged in knitted and crocheted apparel. If your business made a loss, use code 0507 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 05
| Code | Description |
|---|---|
| 0502 | Wearing apparel |
| 0504 | Fur articles |
| 0508 | Leather tanning |
| 0510 | Luggage and handbags |
| 0512 | Footwear |