Hello Fellows,
I want to know what NOB codes are applicable for 44ADA last year it was from 601-607 , but this year codes have changed.
I believe Codes 16001 to 16009 are eligible for 44ADA this year, please confirm.
Regards
Ranjit Singh
Ranjit Singh (11 Points)
19 May 2018Hello Fellows,
I want to know what NOB codes are applicable for 44ADA last year it was from 601-607 , but this year codes have changed.
I believe Codes 16001 to 16009 are eligible for 44ADA this year, please confirm.
Regards
Ranjit Singh
CA Mayur Todmal
(Practicing CA)
(7645 Points)
Replied 19 May 2018
44ADA Covers
Legal profession 16001
Accounting, book-keeping and auditing profession 16002
Tax consultancy 16003 ( ?)
Architectural profession 16004
Engineering and technical consultancy 16005
Interior decoration 16008
Medical profession 18001-18017
Rishi
(Others)
(353 Points)
Replied 19 May 2018
R/sir, A PERSON DOING (RMP) PRACTICE CUM RETAIL MEDICAL STORE, HE HAS NOT A PROFESSIONAL DEGREE, HIS TOTAL SALE IS ABOUT 3.5 LAC per annum. HIS MOSTLY SALE IS WITHOUT BILLS. HE FILED LAST 3 YEARS INCOME TAX RETURNS IN 44AD WITH LIMITED PROFFIT UNDER (0202-Trading [Retailers] BUSINESS CODE. BUT THIS YEAR (A.Y. 2018-19) NATURE OF BUSINESS CORES ARE CHANGED.
PLZ TELL ME NOW WHICH CODE IS SUITABLE FOR MENTIONED PERSON.
THANKS
SURANA
(PROPRIETOR)
(515 Points)
Replied 13 June 2018
Found the full list of business code in pdf format ...
uploading here for ready reference...
Ravichandran Srinivasan
(11 Points)
Replied 24 March 2024
Please let me know if Income under ITR code 16013 is eligible for the benefit under sec 44ADA?
Ravichandran Srinivasan
(11 Points)
Replied 24 March 2024
Please let me know if Income under ITR code 16013 is eligible for the benefit under sec 44ADA?
CAclubindia
