44ada and business code 14009

906 views 5 replies

Hi,

I teach at a few educational institutes as a consultant. I do not own those institutes. I am also registered as a GST consultant. So far I have been showing my business code as 14009. But that disallows me to get beenfit under 44ada. Is 14009 the right code for me?

Should I be using some other code and get benefit under 44ada?

Please let me know.

Regards,

Ramesh 

Replies (5)

Just to add I teach for data science coaching institutes typically for working professionals.

Also, I file my GSTR1 under HSN=999293. 

For example, do these codes apply to me?

Other software consultancy == 14002
Engineering and technical consultancy == 16005

Literary activities == 20011

Or any other 44ada code?

Especially given this article https://economictimes.indiatimes.com/wealth/tax/tax-queries-does-teaching-profession-qualifies-for-presumptive-taxation-at-50/articleshow/57887440.cms?from=mdr what do you think?

You can consider code 16005.

see if you think your services are more aligned for 14009, then you actually benefit more as Income-tax department considers 14009 as 44AD bsuiness. Hence, you can offer much lower % of income as profit. 

Thank you. But I could be eligible for Section 44AD only if the activity is considered a business (e.g., running a coaching center or institute)? right?
Can offering professional services, and not running a business be considered a business?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details