24 July 2022
A individual is showing his income u/s 44ADA but his nature of business is to paints the houses on daily basis or sometimes on contract .But Due to showing nature of business as interior decorator in his MSME certificate because of this his business is shown u/s 44ADA but now can we change his income to u/s 44AD under other services code.
07 August 2022
His business falls under section 44AD and not section 44ADA. So It is advisable to modify the business activity in the MSME certificate. Selection of business activity in the ITR does not depend on the MSME certificate.
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