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.
19 September 2025
Good Luck...
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