Business code

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194 Points Posted on 07 June 2020
Please help to know business code for coaching class to file ITR 3 or ITR-4 for A. Y. 2020-21. Also suggest which ITR is best for me Under 44ADA
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On 07 June 2020 at 18:07 Report
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This discussion helps a coaching class owner determine the correct business code for filing their Income Tax Return (ITR) for AY 2020-21. The recommended business code is 17006. It also clarifies eligibility for the presumptive taxation scheme under Section 44ADA, noting that coaching services typically don't fall under the 'eligible profession' criteria for this scheme.

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Student
1321 Points Posted on 07 June 2020
You are eligible for presumption taxation scheme under section 44AD.

Section 44ADA is available for only eligible profession and your services are not covered under eligible profession

Business code for Coaching/tuition- 17006.
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On 07 June 2020 at 18:44
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194 Points Posted on 07 June 2020
Let me know I will go for ITR-3 or ITR-4
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On 07 June 2020 at 20:13
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Student
1321 Points Posted on 07 June 2020
ITR- 4
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On 07 June 2020 at 23:08
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194 Points Posted on 08 June 2020
Thanks very much.
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On 08 June 2020 at 13:24

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