Finance/Compliance Consultant
77925 Points
Posted on 31 October 2026
A boutique that designs, stitches and sells garments is a business, not a profession under Sec 44AA(1), so Sec 44ADA (suggested in the thread) cannot be used; offer income under Sec 44AD (6% of digital receipts, 8% of cash) in ITR-4 with the tailoring or garment-retail code, a scheme continued as Sec 58 of the Income-tax Act 2025.