44ad is applicable for tailoring works


This query is : Open 

Quick Summary
Query asks whether tailoring business can opt for Section 44AD presumptive taxation at 20% on turnover and applicable business code. Response confirms 44AD is applicable and suggests using code 0714 under service sector (others) for classification.

09 January 2018 SIR,

WHETHER TAILORING WORKS (BUSINESS) CAN APPLY 44AD @20% ON TURN OVER AND DESCRIPTION IN WHICH CODE

10 January 2018 Yes... The TAILORING business can opt sec 44AD for Income Tax purpose...

10 January 2018 You can use this code - '0714' Service sector, others


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