Confirm business code and presumptive section of Income atax Act

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This discussion clarifies the correct business code and applicable section of the Income Tax Act for a business involved in digital marketing and selling software developed by others. Initially, 'Other software consultancy' (14002) was suggested, leading to a query about its relation to Section 44ADA. The advice evolved to consider 'Other IT enable services' (14005) or 'Other professional services' (16019) as more suitable, with Section 44AD recommended for presumptive assessment.

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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?”

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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18 September 2025 Are you software designer or just sell/export software designed by others?

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18 September 2025 Thanks for reply sir, I sell softwares designed by other but in our own name

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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.

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18 September 2025 Sir, The business code in”other software consultancy “ code falls u/s 44ADA, as per my understanding.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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18 September 2025 You can select 14005- Other IT enable services... & or '16019' Other professional services.

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18 September 2025 Thank you sir for your response.

Tax Consultants

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18 September 2025 Thank you sir for your response.