" As the provisions of Section 44AD are not applicable, in your case, the claim of computing profits and gains of business on presumptive basis, under this special provision is not allowable."
I have this notice yesterday. For AY 18-19 I used business code: 14006 I am running a transcriptttion unit with 3-5 typing team and for AY 18-19 the I had total 18,73,850 rupees through Paypal. Paypal is using the Code P0803 Data Processing (RBI Code).
For AY 17-18 I used code 0709 (IT enable Service) and there was no such issue in filling under 44AD. Also the same for AY 16-17.
Please let me know what to do next. Should I change the business code to 14005
Or any other specific solution to reply this notice.
CAclubindia
