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44AD OR 44ADA for cooking services?
cooking services liable to tax under which head??
Replies (3)
Quick Summary
Cooking services would generally fall under the ambit of Section 44AD, which pertains to the presumptive taxation scheme for businesses. Section 44ADA is specifically for professionals like doctors, lawyers, and architects. If you are running a cooking service business, you would use Section 44AD for your presumptive income calculation.
Post figures
Section 44AD applies to businesses, including small traders, contractors, and other non-professional enterprises, while Section 44ADA is for professionals. Therefore, it will be more relevent cooking services fall under Section 44AD.
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