NIC code 6491 — Financial leasing
This class includes leasing where the term approximately covers the expected life of the asset and the lessee acquires substantially all the benefits of its use and takes all the risks associated with its ownership. The ownership of the asset may or may not eventually be transferred. Such leases cover all or virtually all costs including interest.
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What is NIC code 6491?
6491 is the NIC-2008 class for Financial leasing, under FINANCIAL AND INSURANCE ACTIVITIES › FinanCial ServiCe aCtivitieS, exCept inSuranCe anD penSion FunDinG › Other financial service activities, except insurance and pension funding activities.
Which NIC code do I use for Udyam registration?
Udyam asks for the 5-digit sub-class that best describes each activity; pick the most specific code below and check its description.
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