This discussion explores the appropriate business code for a home-based retail milk and dairy operation. It clarifies whether such a business qualifies for filing income tax returns under section 44AD, confirming its eligibility.
28 June 2022
ONE PARTY BUY MILK AT WHOLESALE RATE FROM DIRECT DIARY FARM AND THEN SALE MILK TO RETIAL CUSTOMERS AND OTHER MILK PRODUCTS OR DIARY PRODUCTS IN RETAIL FROM HOME WHICH BUSINESS CODE IS SUITABLE FOR INCOME TAX RETURN AND CAN WE FILE RETURN IN 44AD