COOLY FLOUR MILL

FLOUR MILL COOLY RECEIPT IS 44AD OR 44ADA?  BUSINESS CODE PLEASE.

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Quick Summary
This discussion clarifies the correct business code for a Cooly Flour Mill. It addresses the common query of whether to use section 44AD or 44ADA of the Income Tax Act. The key distinction is highlighted: 44AD is for general businesses, while 44ADA is exclusively for eligible professionals. The content aims to help flour mill owners determine their appropriate tax classification.

44ad is for businesses and in 44ADA only eligible professionals are allowed as per laws

Flour Mill Cooly......means...?

is it Cooly working in flour Mill..

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