Confirm business code and presumptive section of Income atax Act
This query is : Resolved
18 September 2025
“I run a business that involves digital marketing and the sale of software to foreign clients. Under which business code should I report this, and which section of the Income Tax Act applies for presumptive taxation?”
18 September 2025
Are you software designer or just sell/export software designed by others?
18 September 2025
Thanks for reply sir, I sell softwares designed by other but in our own name
18 September 2025
The business code "Other software consultancy" (code: 14002) suitable to your business.
You can file return u/s. 44AD for presumptive assessment.
You can file return u/s. 44AD for presumptive assessment.
18 September 2025
Sir, The business code in”other software consultancy “ code falls u/s 44ADA, as per my understanding.
18 September 2025
You can select 14005- Other IT enable services... & or '16019' Other professional services.
18 September 2025
Thank you sir for your response.
18 September 2025
Thank you sir for your response.
19 September 2025
You are welcome.
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